Anyone else receive this?
Dear Client,
Regarding account: *******7
Description: BANCORP INTL GRP -
CUSIP: 05968X106
Worthless Date: 1/11/2018
Shares: 50000
Recently the above listed security held in your Scottrade® account has been deemed worthless or invalid. We are notifying you that as of 1/11/2018, there is no available bid price or market to sell these shares and as a courtesy they will be removed from your account. Unless you provide Scottrade with evidence of the validity of the security within sixty (60) calendar days of this notice of removal, you agree to waive any claim to any future distribution from the security and agree to indemnify and hold Scottrade harmless from any claims, liability, or damages resulting from the removal of such security. If you provide Scottrade with evidence of the validity of the security from an independent third party within sixty (60) calendar days of receiving the notice of removal, Scottrade will reinstate your position.
Transactions to remove securities which are deemed worthless results in a permanent disposition of shares and may not appear on IRS Form 1099 or any other tax reporting form. Worthless securities removed from your account may appear on your next available account statement following the removal of the securities from the account, and will not appear thereafter.
No other action is required from you. Additional information regarding this security may be available through the issuer's website. For further assistance, please contact your local Scottrade® team*.
Thank you,
AI
