Congress directed the establishment of the Lost and Stolen Securities Program (LSSP) to curtail trafficking in lost, stolen, missing, and counterfeit securities certificates. Rule 17f-1 under the Exchange Act governs LSSP operations. The LSSP consists mainly of a database for securities that have been reported lost, stolen, missing, or counterfeit. The LSSP has two essential parts: “reports” and “inquiries.” Most financial institutions (including exchanges, banks, brokers, clearing agencies, and transfer agents) are required to report any certificates that they discover to be lost, stolen, missing, or counterfeit. These institutions also must inquire of the LSSP about any securities certificate valued at more than $10,000 that comes into their “possession or keeping.” These financial institutions also may voluntarily report or inquire about other certificates.
Investing Quiz – July 2021
Test your knowledge on common investing terms and strategies and current investing topics.
What is ESG?
Did you know that ESG stands for environmental, social, and governance? Read more about ESG investing in our glossary.
Protecting Your Online Accounts
Read our investor bulletin for tips on how to safeguard your personal financial information and protect your online investment accounts.