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Re: [sharechat] How safe are shares (as in fraud)

From:	jbartley <jbartley@ihug.co.nz>
Date:	Sun, 2 Apr 2000 22:59:02 +1200

Nick

Get a post office box

Jim

At 21:46 04/02/2000 +1200, you wrote:
>      I was wondering what safeguards are in place against fraud.
> I have had mail stolen from my letter box including dividend statements
>on which are written my shareholder number and my bank account number that
the divs
>were paid into. Also my ird number and number of shares held etc.
>       How easy would it be for someone to take advantage of this
information and
>sell my shares?  I can imagine a scenario where the person pretends to be me
>opens up a bank account in my name using something stolen from my letterbox
>as id, then opens a brokerage account in my name. Then proceeds to sell my
shares.
>      If the brokerage firm asked for a fin number the fraudster would just
say they lost it
>and the registry would tell them.  Next thing i find i suddenly have no shares.
>             What i would like to know is in the event of this kind of
thing happening
>is there anyway the victim would be able to gain reconpence?
>         nick
><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
><HTML><HEAD>
><META content="text/html; charset=iso-8859-1" http-equiv=Content-Type>
><META content="MSHTML 5.00.2614.3500" name=GENERATOR>
><STYLE></STYLE>
></HEAD>
><BODY bgColor=#ffffff>
><DIV><FONT face=Arial size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; I was wondering
what 
>safeguards are in place against fraud.</FONT></DIV>
><DIV><FONT face=Arial size=2>&nbsp;I have had mail stolen from my letter box 
>including dividend statements</FONT></DIV>
><DIV><FONT face=Arial size=2>on which are written my shareholder number and my 
>bank account number that the divs</FONT></DIV>
><DIV><FONT face=Arial size=2>were paid into. Also my ird number and number of 
>shares held etc.</FONT></DIV>
><DIV><FONT face=Arial size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; How easy
would 
>it be for someone to take advantage of this information and</FONT></DIV>
><DIV><FONT face=Arial size=2>sell my shares?&nbsp; I can imagine a scenario 
>where the person pretends to be me</FONT></DIV>
><DIV><FONT face=Arial size=2>opens up a bank account in my name using
something 
>stolen from my letterbox</FONT></DIV>
><DIV><FONT face=Arial size=2>as id, then opens a brokerage account in my name. 
>Then proceeds to sell my shares.</FONT></DIV>
><DIV><FONT face=Arial size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If the brokerage 
>firm asked for a fin number the fraudster would just say they lost 
>it</FONT></DIV>
><DIV><FONT face=Arial size=2>and the registry would tell them.&nbsp; Next
thing 
>i find i suddenly have no shares.</FONT></DIV>
><DIV><FONT face=Arial 
>size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&n
bsp;&nbsp;What 
>i would like to know is in the event of this kind of thing 
>happening</FONT></DIV>
><DIV><FONT face=Arial size=2>is there anyway the victim would be able to gain 
>reconpence?</FONT></DIV>
><DIV><FONT face=Arial size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
>nick</FONT></DIV></BODY></HTML>
>


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