|
PureBytes Links
Trading Reference Links
|
Hi-
Having insurance and being able to collect on the policy are two different
issues. There are usually limitations and exclusions. The first thing the
insurance company will do is go to their legal department and try to find a
way
out of paying the claim. It may go to court and then take years to
collect;
assuming a favorable outcome. From a practical standpoint; I simply don't
trust this type of coverage for fraud. But what you have outlined below may
be different from the type of fraud that can occur elsewhere; and from the
various counter parties involved.
Chas
----- Original Message -----
From: Chris Baker <chrisbak49@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, February 13, 2002 9:01 PM
Subject: RE: [RT] GEN: INTRUST EMBEZZLEMENT - Insurance?
> Stock brokers typically carry insurance of well over $1 million per
> customer account against just the type of internal fraud you describe
> in your attachment.
>
> Does anyone know if futures brokers carry this type of insurance as
> well?
>
> > -----Original Message-----
> > From: charles meyer [mailto:chmeyer@xxxxxxxx]
> > Sent: Monday, February 11, 2002 10:52 PM
> > To: REAL TRADERS
> > Subject: [RT] GEN: INTRUST EMBEZZLEMENT....FINAL POST
>
>
> _________________________________________________________
> Do You Yahoo!?
> Get your free @yahoo.com address at http://mail.yahoo.com
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Get your FREE credit report with a FREE CreditCheck
Monitoring Service trial
http://us.click.yahoo.com/ACHqaB/bQ8CAA/ySSFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|