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FINRA requires firms to maintain minimum net capital requirements to help prevent a firm from becoming insolvent, or at least requiring the firm to cease operations immediately. This is done to limit how over-extended a firm can get. If your brokerage firm becomes insolvent then you will definitely lose the value of your options, if their expiration is ...


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SIPC coverage comes into play when a broker shuts down and customer assets are missing due to theft, unauthorized trading, and other fraudulent activities. It guarantees the custody function of the broker and of your assets but not their value. SIPC will transfer your assets to another broker. This is likely to take a few weeks or months but certainly ...


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So then she really lays it on and starts sending me LOTS of pics (some would make a sailor blush) That's the bait. and asks if I can send her a google play card for her bday - another red flag. They're testing your gullibility. Well now her mother is dying but she has an inheritance her father left her. But there are conditions such as she has to be ...


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"How does this scam work?" Well you've hit the nail on the head that it is a scam. Regardless of how much you want it to not be (and I do sympathise), you've pointed out all the red flags. This scam works by you paying $15k and thats the end of it. "Is it a bad idea to let her come? Should I let it continue on up until the moment and then fold or just back ...


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She (and bear in mind “she” doesn’t really exist, so might be better to think of as “he” with a team of accomplices at least one of whom is female if you’ve spoken to a woman in the phone) will not turn up. There will be some problem with flights or transport and “she” will send a “courier” to pick up the money from you, or ask you to wire it somewhere. A ...


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Things are not the same as they were 15 to 20 years ago. Back then, if you wrote a bad check, they would put it on the wall of certain business establishments so all your friends and neighbors would know about it. That is rarely done anymore, and if it is done to you with this compromised account, you might have grounds for a libel suit. What many ...


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