Protect myself from theft?
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Protect myself from theft? Hi, I have a question I'd like to put out there . . . As a stock holder and Investment Club "president", do I need to protect myself from a broker stealing my (our) stock? Meaning, if (for some reason) my broker or my online account suddenly showed that there was NOTHING in my account, what legal recourse do I have to get it back? Thanks! Jason, The National Association of Security Dealers describes how to handle fraud on their website: http://www.nasdr.com/2150.htm You should probably make sure your broker is a member of the NASD and that your account is covered under the Security Investor Protection Corporation (SIPC): http://www.sipc.org/ It is felony when someone takes your money or stock. Any reputable company will help you investigate the disappearance and will probably get the police involved immediately. Rob |
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