The SEC has today issued an investor bulletin regarding the custody of your investment assets. The bulletin provides information regarding the safeguards that have been put in place to protect investors and their assets. The SEC has placed investment advisers on notice that they will be increasing enforcement action to ensure that investors’ accounts are protected from theft and misappropriation.
Although one would think that the custody of your investment assets would be a simple issue it is really more complicated that it would seem. Many brokerage firms have been accused of transferring client assets to third parties without their client’s knowledge. Hopefully, additional enforcement by the SEC will prevent assets from being transferred improperly or worse being taken from clients without their knowledge.
Our firm can help with your investment assets
If you believe that you have been the victim of theft at the hands of your broker or investment adviser, the securities arbitration attorneys of Penzien & McBride, PLLC would be happy to review the situation and evaluate any possible claims you may have. You can reach us by calling our office at (586) 690-4400.