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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (81350)6/1/2000 11:19:00 AM
From: LLCF  Read Replies (1) of 132070
 
<So, legally, they can't do what every brokerage firm does when they get in trouble, but you may have no recourse other than sending the perpetrators Ex-Lax pies in prison. Except for the insured amount, which Uncle Sugar comes up with. By taxing me>

By insured amount you mean SIPC? Also, I think realistically there is no way Merrill is going to be allowed to hand over an individuals securities illegally pledged to anyone. JMO of what won't happen even in the depths of depression.

Thanks much for the response!

DAK
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