t is for this reason that within the past year I’ve reached out to professionals who could represent our interests after the money comes in. My four (4) areas of initial concern for retail during this post-disclosure period are:
(1) insuring retailers receive the best prices for products and services from wealth managers;
(2) fair valuation of any illiquid WMI assets (Tepper et al. cannot be trusted);
(3) reviewing offers of products and services as to suitability (i.e., an offer to sell all holdings to a broker v. an offer to borrow against them at a reasonable interest rate so even shareholders with very modest holdings can ride the investment to the end); and
(4) recovery of any escrows/legacy markers seized by or allegedly forfeited to brokers.
Lets break this down, do we not have to have money from this bk to have wealth managers do anything....So Far 100% of zero is zero, there is not much to manage...........
The better she understands that the LT is done and out, no extension filed....The bK closed in 12/2019......