By Thomas Mullooly, originally published at Mullooly Asset Management.
ACAT Scam ACAT Scam Explained: How Thieves Can Transfer & Liquidate Your Brokerage Account Fast We discuss an “ACAT scam” involving the Automated Customer Account Transfer Service (ACAT). This system was created in 1985 to quickly move accounts from one broker to another. Tom describes how transfers once took weeks. But now transfer requests must […]
Thomas Mullooly writes at Mullooly Asset Management. Read this article on their site.
