The Department of the Treasury recently informed the NASD that there are certain foreign individuals and groups attempting to defraud entities by offering to sell and structure transactions in non-existent United States Treasury securities. Broker/dealers have been approached with a proposal to purchase and resell a fictitious instrument referred to as "Limited Edition" U.S. Treasury securities. As part of this scheme, broker/dealers and other entities are being sought to act as fiduciaries for the transactions.
Treasury staff confirmed with the NASD that there is no such security as a "Limited Edition" Treasury security.
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