PPS is not an insured institution and FDIC insurance does not protect you against risks associated with PPS's failure. [(However, we believe that in the unlikely event of PPS’s insolvency that a bankr...PPS is not an insured institution and FDIC insurance does not protect you against risks associated with PPS's failure. [(However, we believe that in the unlikely event of PPS’s insolvency that a bankruptcy court likely would determine that the funds in the custodial account are the property of PPS’s customers, and that these funds would not be placed in the bankruptcy estate to satisfy claims of PPS's general creditors.)]
