# Account & Data Protection

## Is my brokerage account insured and protected?

Options AI Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 ($250,000 of cash). 

Our clearing firm,  Apex Clearing, has purchased an additional insurance policy. The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer’s securities and $900,000 for any one customer’s cash. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities..

## What do you do with my data?

We use the information we collect to do a number of things, such as:

* Validate your identity
* Confirm your address
* Confirm if you are suitable for options trading
* Communicate with you when you trade

We may email you if your account is not completed or if we require more information to complete your application. We are required by law to take these steps to prevent money laundering and other criminal activities. 

If you have an account with us we will use your contact information to send you trade related correspondence, like trade confirms or statements. 

Your data is shared with key partners, such as our clearing firm APEX Clearing. **It is not sold to any third parties.**

For full information on data security and privacy please consult our [disclosures library.](https://support.optionsai.com/options-ai-support/about-us/www.optionsai.com/disclosures)

## How do I change my password?

To change your password you will need to reset it. To reset your password [go here](https://id.options.ai/forgot-password) and follow the instructions. 

You will:

* Enter your email address
* Receive an email with a link
* Click the link and change your password


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