The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (166301)	11/22/2008 11:16:09 AM
From: posthumousone	Read Replies (3) of 306849

Is there anyone else concerned about a brokerage failure? What a pain if you have to wait 1-3 months to get your securities back. From SIPC: Answers to the 7 Most Asked Questions How quickly will I get my investments back? Most customers can expect to receive their property in one to three months. When the records of the brokerage firm are accurate, deliveries of some securities and cash to customers may begin shortly after the trustee receives the completed claim forms from customers, or even earlier if the trustee can transfer customer accounts to another broker-dealer. Delays of several months usually arise when the failed brokerage firm’s records are not accurate. It also is not uncommon for delays to take place when the troubled brokerage firm or its principals were involved in fraud.

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