BeerBob123 Posted June 12, 2022 Report Share Posted June 12, 2022 ## USD 150K-180K stolen from Fidelity brokerage account On 26 May 2022, I logged into my Fidelity brokerage account and I saw my balance was USD 0.0 (from varying between USD 150K-180K in past 6 months). I called up Fidelity's customer support and they told me that all my stocks were transferred by me to an account with eTrade 10 days ago - the transfer request was received on 18 May, and on 19 May all the stocks were transferred. I told him, I never created any account with eTrade, or issued any authority to anyone to transfer my shares/stocks. At that point the CS-Req told me I might have been a victim of Identity theft, and he will go ahead and file a recall claim with eTrade. Steps already taken in sequence — 1. I have deleted my Fidelity account and created a new one with new username and password. The CS-Rep advised me do that. He also launched a recall claim with eTrade. The stocks were transferred by ACATS, and I will not get any notification to authorize such a transfer. 2. I have already reported about my Identity Theft to TransUnion (and they updated to Experion and Accufax). They have added the Fraud Alert. 3. I spoke to eTrade to get information regarding the beneficiary account. He told me this account is marked (and put on hold) for investigation on a complain from Fidelity. 4. I have filed a report at my local Police Station. No Action there. It is not urgent/critical enough as there are other life threatening concerns in public. A detective is assigned on paper, but no discussion/contacts yet. 5. On 31-May during one of my calls with eTrade, the CS-Rep told me - on 23-May (3 days before I reported the crime) stocks were sold off and over USD 100K transferred via ACH to a BoA Account. Around ~30K of funds are present in my account. He did not give any more details. I have called eTrade a few times after that, hoping to speak to someone to give me more details. No one gave any details, and most of them even refused to validate what I already knew. Questions and advise for Next Steps As per [https://www.fidelity.com/.../customer-protection-guarantee](https://l.facebook.com/l.php?u=https%3A%2F%2Fwww.fidelity.com%2Fsecurity%2Fcustomer-protection-guarantee%3Ffbclid%3DIwAR2INbJW1CcApfiOQRQ4CdJJDQnG1bsxpCcQSdqmjZwgYACAtMeXemq_hyU&h=AT3liGbYpL-Ki5to4qyP-1TLNFJiHb64sPASt2GKQE2cwkDDWZDD-_TUBYtKyOARzR5Dpm5fGUPeKjt_EF60o02ciLLnh68uUsX1HaKXwNfCzw2QYFSttmarCztgc8yidxMwd_c&__tn__=-UK-R&c[0]=AT2fJxAFZN4eqssiQatkEse-k2Y29ErRsrwZDuSwdrPCL2yp141gPV3xAEBic51O1sZIFKKd8oi9r5tAGPiYDVdX8ssymyVXzpUJKLfvUl28FRJrH6QHwT7ZPH-wRs4nMfRm_6NeZcUj3n5O6O-9-cWvx5nDokwuKXx4S3QX-hEZn19SHalC8GUjiwoicq3kZEOlWCRT7NDuHj4ivskiLppJaGpSEnlaBmZm_F6q) "You are automatically covered for all cash and securities held in your covered Fidelity account(s)." I read online that my fraud is not covered under this clause. I have had numerous calls with Fidelity "Fraud Response" department, and they tell me the investigation is ON, I have to wait (which is usually few months). eTrade is liable for this fraud - as they received the funds. As of 10-Jun, there is no update of the claim or report. As per eTrade "Account Activation" department which handles frauds Since i am not a customer with eTrade, they are not liable for any funds, and they have no (or cannot share) details on the investigation. As per ACATS ([https://www.dtcc.com/cle.../equities-clearing-services/acats](https://l.facebook.com/l.php?u=https%3A%2F%2Fwww.dtcc.com%2Fclearing-services%2Fequities-clearing-services%2Facats%3Ffbclid%3DIwAR1aLU2eGcAnER00604gAOYqHIXBojnUMSi4YdBCAKX3Oss7_EqFtnWNTNY&h=AT15cVUn7KXiYG--yXNA0tV49o8sGExMuu1bbWJfH0OGwsrqB9fiPa1q1OYSVaJPBNMPWoevlbHe81UnEPXtJevMuxUiqBGCwP-7DBwHLr54aUyEGEbMxtpw36j3jpOyDIdrEM4&__tn__=-UK-R&c[0]=AT2fJxAFZN4eqssiQatkEse-k2Y29ErRsrwZDuSwdrPCL2yp141gPV3xAEBic51O1sZIFKKd8oi9r5tAGPiYDVdX8ssymyVXzpUJKLfvUl28FRJrH6QHwT7ZPH-wRs4nMfRm_6NeZcUj3n5O6O-9-cWvx5nDokwuKXx4S3QX-hEZn19SHalC8GUjiwoicq3kZEOlWCRT7NDuHj4ivskiLppJaGpSEnlaBmZm_F6q)) The delivering Member must respond to the output within one business day. - But Fidelity says it automated for the conveniences of its traders. It is not that I have lost all my saving on a bad trade, or if I have been a victim of some phishing attack. It is just so saddening to realize the Financial System has loopholes and for no fault of mine I am a victim - and almost all of my saving are stolen. I am totally lost and confused on how to take this forward now? 1 Quote Link to comment Share on other sites More sharing options...
Swatkat Posted June 12, 2022 Report Share Posted June 12, 2022 @Vaampire @quickgun_murugun ltt Quote Link to comment Share on other sites More sharing options...
BommaliNinnodhala Posted June 12, 2022 Report Share Posted June 12, 2022 Source? Quote Link to comment Share on other sites More sharing options...
Spartan Posted June 13, 2022 Report Share Posted June 13, 2022 mana DB lo ne evaro vesaru kada same thing happened to them also.. vella per meda inko acct open chesi they moved all the money there and withdrew..etrade 1 Quote Link to comment Share on other sites More sharing options...
Barney_Stinson Posted June 13, 2022 Report Share Posted June 13, 2022 legit ? Quote Link to comment Share on other sites More sharing options...
BommaliNinnodhala Posted June 13, 2022 Report Share Posted June 13, 2022 10 minutes ago, Spartan said: mana DB lo ne evaro vesaru kada same thing happened to them also.. vella per meda inko acct open chesi they moved all the money there and withdrew..etrade Oh my mad — Quote Link to comment Share on other sites More sharing options...
kichikamukavu Posted June 13, 2022 Report Share Posted June 13, 2022 Reddit lo undhi ide story Quote Link to comment Share on other sites More sharing options...
hotlantian Posted June 13, 2022 Report Share Posted June 13, 2022 Drag them to court Quote Link to comment Share on other sites More sharing options...
BommaliNinnodhala Posted June 13, 2022 Report Share Posted June 13, 2022 9 minutes ago, hotlantian said: Drag them to court India trip car annavu — aaram se enjoy — ivanni parrshaan news yenduku Quote Link to comment Share on other sites More sharing options...
hotlantian Posted June 13, 2022 Report Share Posted June 13, 2022 20 minutes ago, BommaliNinnodhala said: India trip car annavu — aaram se enjoy — ivanni parrshaan news yenduku Not working out man. I will just hire on demand Quote Link to comment Share on other sites More sharing options...
BeerBob123 Posted June 13, 2022 Author Report Share Posted June 13, 2022 2 hours ago, kichikamukavu said: Reddit lo undhi ide story Found in FB SOS page Quote Link to comment Share on other sites More sharing options...
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