Avoiding the Most Common Claim Process Errors
The Securities Investor Protection Corporation has created this new Web site
with the powerful SIPC Online Claim Form Center to help you fill out your
liquidation claim form. If you use the Center's step-by-step advice, you
can avoid making the following errors:
1. Improper identification. Typical mistakes include incomplete personal
contact information or incorrect references to the brokerage firm
involved in the claim.
2. Missed deadlines. Make sure that you take the time to
determine when the six-month deadline runs out on your claim.
3. Incorrect entries. This is where use of the SIPC
Claim Form Online Center process may be most helpful to you.
It explains exactly what it is that can be claimed and how to put
such information in the claim form. Some of the terminology involved
in the liquidation process is complicated and the SIPC Online Claim
Form explains what each and every key term means.
4. Missing attachments. You must attach copies of all key
documents that are relevant to your claim. Failure to attach such
documents may result in delays or even, in some cases, denial of
claims.
5. Originals of attachments. You should never submit original
documents to SIPC. Originals that are lost in the mail may be difficult
or even impossible to replace in a timely way. Please make copies
of all your attachments and then submit the copies of the attachments
by certified mail.
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