Gone Until January 8, 2007

...continued from yesterday

If you find errors in your Monthly Brokerage Statement, you have to send a written notice to your broker immediately. Usually, your Account Agreement with the broker contains a provison that after a certain number of days (usually 30 days but sometimes less), you lose any right to challenge any mistakes on the MBS. That provision works only if the error works against you. If the error is in your favor, that provision does not prevent your broker from correcting the error.

This year, 2006, I found errors totaling over $370.00 in my brokerage statements.

… back on January 8, 2007

Copyright 2006 Raymond T. Lee. All rights reserved.
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