Series 28: SIC Notification Requirements

SIC Notification Requirements

The Securities Information Center (SIC), an arm of the SEC, handles the reporting of stolen, missing, lost, or counterfeit securities.

• • Stolen securities must be reported to the SIC within one business day of discovery; they must also be promptly reported to the FBI.
• • Securities that have been missing or lost for two business days must be reported to the SIC within one business day following the end of that period.
• • Counterfeit securities must be reported to the SIC and the FBI within one business day of discovery.

Generally, a firm must check with the SIC that any newly received securities have not been reported as stolen, missing,