This is for Canadians only...

After having spoken at length with CIBC and with the CIPF, I feel confident that my shares of the different companies I own will not be lost in LIMBO, so to speak, should CIBC go bankrupt.

CIPF (Canadian Investor Protection Fund) will insure any shortfall of your shares or cash in your investment account in a CIPF member bank, for up to 1 million dollars. (For example: if your shares are worth 50 million dollars on the day of the bankruptcy, but let's say $999,999.00 worth of them are un-accounted for, they will either buy those shares back for you or they will tranfer the $999.,999.00 cash right into your name)

I was told that my monthly statements prove my ownership of my stocks.

They told me that my shares might be tied up from 2 weeks to 2 months but will be tranferred over to another CIPF member bank or brokerage of my choosing.

They told me that the American system is quite different than here in Canada, maybe that is why Jim Sinclair is making a big todo about this, since he is american.

Oviously, everybody's situation might be different than mine, so:

If anyone has any questions, I highly recommend that you phone the CIPF at the following number: 1-866-243-6981