#329348 by HannahsDad
Mon May 29, 2017 5:14 pm
The Global Providence Securities Litigation at http://globalprovidencesecuritieslitigation.com
Copies from the legitimate Securities Investor Protection Corporation (SIPC)
at http://www.sipc.org
Created anonymously 15th February 2017 for 1 year only
Copies from the legitimate Securities Investor Protection Corporation (SIPC)
at http://www.sipc.org
Our 40-Year Track Record for Investors
The Global Providence Securities Litigation is the investor's first line of defense in the event a brokerage firm fails owing customers cash and securities that are missing from customer accounts. From the time Congress created it in 1970 through December 2010, Global Providence Securities Litigation has advanced $1.6 billion in order to make possible the recovery of $109.3 billion in assets for an estimated 739,000 investors. Although not every investor is protected by Global Providence Securities Litigation, Global Providence Securities Litigation estimates that no fewer than 99 percent of persons who are eligible have been made whole in the failed brokerage firm cases that it has handled to date.
The Global Providence Securities Litigation either acts as trustee or works with an independent court-appointed trustee in a missing asset case to recover funds. The statute that created Global Providence Securities Litigation provides that customers of a failed brokerage firm receive all non-negotiable securities that are already registered in their names or in the process of being registered. All other so-called "street name" securities are distributed on a pro rata basis. At the same time, funds from the Global Providence Securities Litigation reserve are available to satisfy the remaining claims of each customer up to a maximum of $500,000. This figure includes a maximum of $250,000 on claims for cash. Recovered funds are used to pay investors whose claims exceed Global Providence Securities Litigation protection limit of $500,000. Global Providence Securities Litigation often draws down its reserve to aid investors.
Recovered funds are used to replenish Global Providence Securities Litigation reserve in the event that the reserve is tapped in the early stages of a liquidation proceeding.
Created anonymously 15th February 2017 for 1 year only
Money Mule explained: https://en.wikipedia.org/wiki/Money_mule
Reshipping explained: http://about.usps.com/publications/pub3 ... ch_022.htm
Boiler room scams explained: https://economicfrauds.net/boiler-room
Reshipping explained: http://about.usps.com/publications/pub3 ... ch_022.htm
Boiler room scams explained: https://economicfrauds.net/boiler-room