Has anyone heard that, from what have heard, that ALL 50 states have laws on the books now where if an intermediary (i.e. Fidelity, Merrill Lynch, etc.) and they have issues, that our stocks, bonds, IRAs, 401ks can be used to settle their debts with banks. The banks are the first to be paid.

South Dakota is working on passing a law to make our investments OURS, not the banks.

Link to HB1199: https://legiscan.com/SD/text/HB1199/id/2905524/South_Dakota-2024-HB1199-Introduced.pdf

How do we fix this in the rest of the states. Especially, those of us in retarded Blue states.