Inadvertent error in fund transfering too many shares to one account in pooled situation
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Posted by RJB on February 22, 2001 at 07:56:53:
I have become involved in a situation where a management company has inadvertently transferred too many shares to one account in a pooled situation to the detriment of another account.
Could someone explain the rights of each of the account holders and the fund management company in such a situation? It appears that the account holder who has received what is not really his/hers wants to keep it despite the company notifying him/her what had happened and seeking cooperation in resolving the matter.