Public: who holds your money

The route recorded for Public reflects the disclosure read on September 5, 2026. SIPC, protection for eligible brokerage assets, may cover securities and eligible cash remaining at the brokerage. Cash moved to program banks may qualify for FDIC, federal insurance for eligible deposits. SIPC limits do not apply to these bank deposits. FDIC coverage does not apply to securities.

Current commentary

Public is not a chartered bank; customers’ securities and unswept cash remain at the broker, where SIPC protection applies. SIPC protects up to $500,000 per customer, including up to $250,000 for cash still held at the broker. Swept cash is spread across a network of 24 program banks and receives FDIC pass-through insurance at those banks. That insurance covers up to $250,000 per depositor, per bank, meaning coverage reaches you through each bank. Public’s disclosure was read September 5, 2026.