If I get this protection, when will the refund process take place?

If our brokers fail and are unable to fulfill their obligations to their clients, SIPC will usually initiate a liquidation process to return securities and cash to users. The time to complete this process varies depending on the complexity of the case, the type of assets involved, and other factors. But SIPC will work to complete the process as soon as possible to minimize disruption for users.

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