Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

What happens to my stocks when broker goes bankrupt?
If you are using a US broker, you are protected by SIPC up to $500,000. SIPC also oversees the liquidation of the broker itself, either by appointing a trustee, or by directly contacting clients. If they are able to transfer accounts to a healthy broker before bankruptcy, they will do so, but if not, you will need to file a claim with them.