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Kurt Ullman Kurt Ullman is offline
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Default OT Bank relaxes security. Acceptable?

In article ,
J0HNS0N wrote:

On Tue, 28 Jul 2015 13:00:21 -0400, Kurt Ullman
wrote:

In article ,
J0HNS0N wrote:


Ditto stock trading accounts and
whatever other online facilities are out there.

There is a $500K protection on stock accounts.

That is not for that. The $500K is in case the firm goes belly up and
is the rough equivalent of the FDIC.


"If you ever discover an error in a trade confirmation or brokerage
statement, you should immediately bring the error to the attention of
the brokerage firm in writing. Unless you complain in writing, your
eligibility for SIPC protection may be compromised."

http://www.sipc.org/for-investors/pr...-against-fraud


Fraud on the part of the broker, not the kind of fraud where someone gets
the account and cleans it out.
--
"Statistics are like bikinis. What they reveal is suggestive,
but what they conceal is vital."
-- Aaron Levenstein