F2
How Long is a statement Valid
Must be within 12 months
I submitted form F172 for an incoming transfer why haven't this form been processed"
For incoming gifts, the delivering firm must initiate the gift request.
Do the registrations have to be the same?
Yes, both LPL and Contra firm must have same registration for ACAT
I did a request for a transfer out my client retirement account.
You can not make a transfer out of a retirement account.
My DocuSign was rejected what happen?
The delivering firm does not accept electronic signatures and F2 was submitted via DocuSign
Hey, My client made a mistake on form f172 and I corrected it initialed it dated it and submitted it . I received a notification stating my form was processed NIGO. Why?
Well I see your form submitted however Financial professionals are not permitted to correct any fields of Form F172. The client must initial and date all changes to the form.
My ACAT request for full liquidation was rejected, why?
Any full liquidations require a NON-Act transfer.
Hey, My client wants to gift $501,000 to his son basketball league. I had my client sign form f172 and I submitted it . I received a notification stating my form was processed NIGO. Why?"
Gifts valued more than $500,000 requires a signature verification process. It is likely the signature was not able to be verified.
My request was NIGO for the delivering firm address, WHY?
On form F2 you must put the delivering firm overnight address.
Hey, My client wants to gift $100,000 to his daughters dance team. I had my client sign form f172 and I submitted it . I received a notification stating my form was processed NIGO. Why?
Well, I see your form submitted however in section 4 (Receiving Account Information) you didn't complete 2 of the 3 sections. All parts of the form must be completed for processing.