@patton525 If I understand your first question, yes, securities held in brokerage accounts are covered by SIPC. For your second question, 5 different IRA's held in the same name are grouped together and considered one IRA so your total coverage is only $500,000.
Still confused so I called my IRA rollover rep. just to understand SIPC. One rep said one thing and another rep stated another! Rule 101 on the SIPC.org website states "all accounts held with a member by a person in his own name, and those which under these rules are deemed his individual accounts, shall be combined so as to constitute a single account of a separate customer." @pizzaman you are correct; my IRA accounts would be combined and Lloyds of London would kick in for coverage after that.
