The Philippines fastest growing bank BDO Banco de Oro is fast becoming the securities servicing & International clearinghouse leader in Asia
Online PR News – 26-June-2010 – – MANILA Philippines,MAIC - Mergers & Acquisitions International Clearinghouse renews secrities clearing agreement with BDO.
MAIC is an important part of the overall system of investor protection in the United States and we are now expanding into Asia.
While a number of federal, self-regulatory and state securities agencies deal with cases of investment fraud, MAIC's focus is both different and narrow: Ensuring the safety of funds of offshore investors with mergers & acquisition transactions with US brokerage firms.
MAIC is a private self-regulatory organization established by an international consortium of accredited private investors to ensure the security of funds transferred in a merger or acquisition transaction and was not chartered by Congress to combat fraud.
M.A.I.C. specializes in helping protect the funds of consumers involved in mergers & acquisitions transactions with banks, credit card companies, loan companies and brokerage firms up to a maximum of $500,000.00 US Dollars per transaction.
What MAIC covers and what it does not cover
The cash and securities – such as stocks and bonds – held in trust in a MAIC account or held by a brokerage firm during the merger & acquisition process are protected by MAIC.
Among the investments that are ineligible for MAIC protection are commodity futures contracts and currency contracts, as well as investment contracts (such as limited partnerships) and fixed annuity contracts that are not registered with the U.S. Securities and Exchange Commission under the Securities Act of 1933.
It is important to recognize that MAIC does not work the same way as the Federal Deposit Insurance Corporation in terms of blanket protection of losses.
Why we are not the FDIC
"Insurance" for investment fraud does not exist in the U.S.
The Federal Trade Commission, Federal Bureau of Investigation, state securities regulators and other experts have estimated that investment fraud in the U.S. ranges from $10-$40 billion a year. In the case of microcap stock fraud, the toll on investors has been estimated as $1-3 billion annually.
With an endowment reserve of slightly more than $1 billion, MAIC could not keep its doors open for long if its purpose was to compensate all victims in the event of loss due to investment fraud.
Instead MAIC focuses on preventing fraud by providing secure channels for transferring funds thru MAIC affiliated banks worldwide.
MAIC’s primary mission is to provide International Trust & Escrow services & function as an International securities Clearing house.
MAIC maintains a global network of MAIC bank accounts in politically and economically stable countries with tax laws amenable to transactions of a confidential nature to provide secure International Clearinghouse services to offshore investors while in the Merger’s & Acquisition process.
Ask your brokerage firm to provide MAIC funding instructions for your next mergers & acquisitions transactions and be protected.
It is important to understand that MAIC is not the securities world equivalent of FDIC–the Federal Deposit Insurance Corporation. Congress specifically considered creating a Federal Broker-Dealer Insurance Corporation, but lawmakers wisely concluded that such a designation would be both misleading and out of step in the risk-based investment marketplace that is so different from the world of banking.