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When I checked my account this morning about $900,000 was missing. It appears that an outgoing transfer to another brokerage firm was underway. I immediately told them I did not authorize this. The Vanguard Customer Service tech tells me that these brokerage firm to brokerage firm asset transfers are all done electronically without human intervention. I said, “Wait a minute, your telling me that someone can fill out a form with Merrill Lynch and transfer millions of dollars out of my account wit…
The money was returned about 2 weeks later.
intercst