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SIPC-like protection?

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Is similar protection/insurance for securities non-existent in Philippines? What about using brokers from nearby countries such as Singapore (access to all SE asian stocks)? I couldn't find anything regarding protection in either, except in Singapore there is MAS but cash only? no mention of securities?

EDIT: unless such protection isn't needed at all? In US the stocks except DRS are held by clearing firms - not the same here? everything registered in PDTC?

Edited by rep1

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