Alert on US Stock Market closure

FROM A
DIFFERENT ANGLE by Kenneth Rijock

Financial Crime Consultant, for World-Check

2 January 2007

Kindly note that today is the second consecutive business day that the New York Stock Exchange is closed, a rare event that has only occured three times in recent memory. Will fraudsters attempt to run scams today past financial institutions or NBFIs that are unaware?

With all the bogus e-mails out there purporting to be from one's bank, requesting account information, will fraudsters today try to simulate closed brokerage houses ? It might be prudent to alert your compliance staff accordingly to thoroughly investigate any strange matters involving securities today, or pending from the long holiday weekend.

The facts and opinions stated in this article are those of the author and not those of World-Check. World-Check does not warrant the accuracy of any facts and opinions stated in this article, does not endorse them, and accepts no responsibility for them.

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