In a recent thread on the Cryptocurrency forum, there was a post from a user titled, “I have a mortgage backed securities (MBS) investment and it’s currently being serviced by an SEC security code”.
He explained, “They have a security code that is a combination of the ‘security’ and the ‘index’ code, and if it is not set properly it will show up as ‘invalid security code’.
I can’t see how it could be set correctly on the site, but they seem to be having problems with it on their platform.
The user went on to state that he was using the service of an investment broker, who offered to set his MBS security code manually for him, and that he would be charged an additional 10% commission on the sale.
I then had to go and get my security code from the broker. “
After a couple of hours, I received an email stating that I would be notified in a couple days.
I then had to go and get my security code from the broker.
I’m sure it’s not too difficult, and I have no intention of setting the code manually,” he said.
On his website, he explained, The broker has not been very helpful so far, but it’s just a matter of getting the code from them and then setting it manually.
The broker will pay for a security service on the transaction and will pay a commission for the sale, depending on the security code you set.
“If you don’t set it manually, it will be displayed as ‘Incorrect security code’ and will not be processed,” he continued.
He then went on a further explanation, “You may not get a prompt at the time to set it properly, or you may have to manually enter your security code every time you want to set a transaction.”
“In the event that you don\’t receive a prompt, you may still set the code by going to the site and clicking the ‘Set security code’, selecting the security codes you want and then entering it manually,” the user explained.
As of writing, there are no plans to add a similar option to Cryptocurrencies site.
Update: The original article can be found at the following link: Mortgage backed security codes and security tags security code remover