Common use of Regulatory Treatment of Funds Clause in Contracts

Regulatory Treatment of Funds. I understand and acknowledge that My funds are treated differently and subject to separate regulatory regimes depending on whether or not such funds are held in My Account with Alpaca Securities LLC or if they are held in My Alpaca Crypto Account. Specifically, Alpaca Securities LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Alpaca Crypto maintains My Alpaca Crypto Account at a bank which is a member of the Federal Deposit Insurance Corporation (“FDIC”). Funds held in my Alpaca Crypto Account are insured up to $250,000 per depositor against the failure of the FDIC member bank. FDIC insurance does not protect against the failure of Alpaca Crypto or malfeasance by any Alpaca Crypto employee. Alpaca Crypto and the bank at which My Alpaca Crypto account is held are not members of FINRA or SIPC and therefore My funds held in the Alpaca Crypto Account are not SIPC protected. I understand and acknowledge that when accessing the Platform and engaging in various types of activity, including, without limitation, buying and selling cryptocurrency, that My funds will move from My Account to My Alpaca Crypto Account and vice versa, as detailed in this Section 11 and in the Alpaca Crypto Customer Agreement.

Regulatory Treatment of Funds. I understand and acknowledge that My funds are treated differently and subject to separate regulatory regimes depending on whether or not such funds are held in My Securities Account with Alpaca Securities LLC or if they are held in My Alpaca Crypto AccountAccount with You. Specifically, Alpaca Securities LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Alpaca Crypto maintains My Alpaca Crypto Account at a bank which is a member of the Federal Deposit Insurance Corporation (“FDIC”). Funds held in my Alpaca Crypto Account are insured up to $250,000 per depositor against the failure of the FDIC member bank. FDIC insurance does not protect against the failure of Alpaca Crypto or malfeasance by any Alpaca Crypto employee. Alpaca Crypto and the bank at which My Alpaca Crypto account is held are not members of FINRA or SIPC and therefore My funds held in the Alpaca Crypto Account are not SIPC protected. I understand and acknowledge that when accessing the Platform and engaging in various types of activity, including, without limitation, buying and selling cryptocurrency, that My funds will move from My Account with You to My Alpaca Crypto Securities Account and vice versa, as detailed in this Section 11 7 and as detailed in the Alpaca Crypto Securities Customer Agreement.