Could What Happened at Yotta Happen at Vanguard or Fidelity?

Rob Berger
Rob Berger
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Resources Mentioned in this Video:

List of Accounts w/ Extended FDIC Coverage: https://www.allcards.com/bank-account...
Yotta: https://www.withyotta.com/
Yotta in February: https://web.archive.org/web/202402071...
Yotta history of problems:
https://www.withyotta.com/payment-pro...
Yotta Bankruptcy Status Report: https://www.cravath.com/a/web/gKmGbBU...
Vanguard Cash Plus Account: https://investor.vanguard.com/account...
Fidelity Cash Management Account: https://www.fidelity.com/spend-save/f...

Timestamps

0:00 - Yotta
3:02 - What happened with Yotta
4:26 - Synapse
6:16 - $85 million missing
6:49 - Fidelity and Vanguard
8:14 - Could what happened at Yotta happen with Fidelity and Vanguard?
9:34 - Fidelity FDIC insurance
10:27 - Vanguard terms of use
11:09 - Are these arrangements without risk?
11:57 - Asking for your money
14:00 - Financial Freedom

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ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.

I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

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