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Protect Your Brokerage Accounts From ACATS Transfer Fraud
Going to be difficult if you have automatic refund routing information included on your tax return; given that this information is being solicited by Elon's Raiders. -sarcasm mode on- I'm sure, though, that said raiders have been scrupulously vetted and have valid security clearances -sarcasm mode off-.
The opening sentence in the second paragraph has wrong information.
I thought you can not open a new financial account if your credit is frozen. The article says otherwise. At least that was my experience with Bank of America even though I already have accounts with them.
Yes - The Fidelity lockdown is easy to put on. You can select the account(s). I have 3 locked, but not my CM account which I frequently make transfers in and out of.
@Mona, thank you for the article. We have placed lockdown on all our Fidelity accounts. While it was easier to transfer assets, but it poses vulnerability within the system for bad actors from exploiting it.
Comments
The opening sentence in the second paragraph has wrong information.
I thought you can not open a new financial account if your credit is frozen. The article says otherwise. At least that was my experience with Bank of America even though I already have accounts with them.
I shall let others proof out the article.
Thanks @Mona for posting this.
Thank you for posting this. Immediately after reading, I put "the lockdown" on my fidelity accounts.
Thanks again!