Tuesday, October 05, 2010 9:37:10 AM
The instruct to cover is filed shortly after the audit completes.. To ignore the instruct leads to felony fraud which exceeds corporate protection and directs the charge to officers of the brokerage. This could be cause to void any malpractice insurance leaving brokerage liable to uncontrolled loss.
Would be a big mistake not to cover any shorts that may exist.
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