Custodial Guarantee - no loss for fraud

[Erik Read]

So far, we've learned that Charles Schwab includes the 401(k) or employer sponsored retirement plan investments against unauthorized transactions with limitations and conditions (of course) for protection of login ID and PIN# security by the participant/investor.

Wells Fargo does not cover brokerage and investment accounts in their "Online Security Policy."

We're asking Fidelity, and several others, but I thought this would be a timely and appropriate topic for discussion.

Have any of your clients asked for a guarantee against un-authroized transactions and distributions?

Thanks.

[Erik Read]

Nothing - boy - I figured this would start some type of discussion.

I'll post a link under the General and Investment boards as well.

Perhaps, like me, everyone is just scrambling to find out if they're covered or not.