What documentation did the LBI Trustee require to resolve LBIE customer claims?
The Joint Administrators timely filed an omnibus customer claim with the Trustee related to the securities positions and customer property which it understood was held by LBI on behalf of LBIE’s customers. The Administrators’ staff is providing information to the SIPC Trustee in the LBI proceeding and are working with the Trustee’s staff to reconcile information. LBIE also timely filed claims on its own behalf for its proprietary positions. With respect to the claim on behalf of its customers, the Trustee also requires LBIE to provide a customer authorisation form for each customer. If you haven’t provided an authorisation form to the Joint Administrators’ staff, please do so as quickly as possible. The form and instructions are available on our website. Please click here for link. Unless this authorisation is provided in respect of each customer whose claim is included within the omnibus customer claim by the Joint Administrators, the omnibus claim will be partially disallowed with re
