SIPC Warns Investors of New ID Theft “Phishing” Scheme
WASHINGTON, D.C. – July 21, 2008 – The Securities Investor Protection Corporation (SIPC) today cautioned investors about a new identity theft scam designed to extract confidential information and cash from unwary individuals. SIPC officials said they are investigating phony emails sent by a supposed “senior investment advisor” claiming to act for an actual SIPC member. In fact, the individual whose name appears in the emails has nothing to do with the scheme, and the actual brokerage firm named is likewise not involved in the fraudulent solicitation. The email asserts that the brokerage firm is acting on behalf of SIPC, in order to return funds to the investor targeted by the email. … (more)
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NASAA, SIPC Offer Answers to Investors Concerned About the Safety of Their Brokerage Accounts
WASHINGTON, D.C. – March 25, 2008 – In the wake of recent turbulence in the financial markets, the North American Securities Administrators Association (NASAA) today joined with the Securities Investor Protection Corporation (SIPC), which maintains a special reserve fund authorized by Congress to help investors at failed brokerage firms, to remind investors of the important and effective safeguards already in place to protect their brokerage account assets… (more)
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Liquidation Proceedings for New Orleans Area Brokerage Firm Undertaken by SIPC
WASHINGTON, D.C. – March 5, 2008 – The Securities Investor Protection Corporation (SIPC) announced today that it is liquidating Hanover Investment Securities, Inc., of Madisonville, Louisiana, under the terms of the Securities Investor Protection Act. The liquidation of the New Orleans area broker-dealer is the first such proceeding to be initiated by SIPC in 14 months… (more)
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