What happens to the stocks held by a person in a brokerage account with lehman. Can that person sell these stocks right now? Will this person be affected any which way with lehman's chapter 11 filing? If this person logs into his brokerage account will he see the shares he held?
What happens to shares that are held in lehman account?
LEH brokerage accounts are protected by the SIPC.
http://www.sipc.org/how/sipcprotects.cfm
You only have to worry if you own LEH stock.
Several companies have been buying LEH's assets. A new firm will be holding the account for you unless you transfer somewhere else.
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