2.8.7. Stolen, Missing, Lost, or Counterfeit Securities
The Securities Information Center (SIC), an arm of the SEC, handles the reporting of stolen, missing, lost, or counterfeit securities. Each member firm must file a notification with the SIC if it discovers the following:
• Stolen securities. The firm must report stolen securities to the SIC within one business day of the discovery and must also promptly report it to the FBI.
• Missing or lost securities. When securities have been missing or lost for two business days, the firm must report the missing/lost securities within one business day following the end of that two-day period.
• Counterfeit securities. The firm must report to the SIC and the FBI within one day of discoveri