Self-Liquidating Loans Self-Liquidating Loans This scam takes us into the world of international finance and arbitrage, where king-sized fortunes may be won or lost overnight. But, although they have big goals, they aim at small minds. Moreover, you don't have to have much more than a 3rd grade level of mathematics to see that the numbers just don't add up.
And you would have to be a small mind indeed to fall for the . Where scammers make their money is on the advance fees they earn helping suckers (mostly distressed small business owners) make the applications for the loans, which applications are usually made to some phony-baloney Antigua bank which is purportedly back by an equally phoney-baloney insurance company, such as the late International Depositors Insurance Corporation (IDIC) which was lately exposed to be a massive fraud.
The All Black collectors’ cards found in Sanitarium Weet Bix boxes are a good example of this.
started giving out tokens made of copper when a customer made a purchase in 1793.
An example of this is the ‘buy a coffee and receive a free muffin’ campaign used by some coffee houses.
Self-liquidating premiums are when a consumer is expected to pay a designated monetary value for a gift or item.
Brokerage firms are also required to meet minimum net capital requirements to reduce the likelihood of insolvency, and to be members of the Securities Investor Protection Corp (SIPC), which protects customer securities accounts up to 0,000.
For example, the SEC's Rule 15c3-1—the "Net Capital Rule"—requires brokerage firms to maintain certain levels of their own liquid assets.
The consumer generally has to pay at least the shipping and handling costs to receive the premium.
Premiums are sometimes referred to as prizes, although historically the word "prize" has been used to denote (as opposed to a premium) an item that is packaged with the product (or available from the retailer at the time of purchase) and requires no additional payment over the cost of the product.
This publication explains the role regulators—including FINRA—play when a firm goes out of business unexpectedly, and what you should know and do in the event that your brokerage firm ceases to operate.
While the customer safeguards are extensive and the track record of making investors whole in the aftermath of a financial crisis is strong, not all investor assets may be covered, and there are steps and precautions investors can take to help protect their assets-not to mention their peace of mind.