FRT successfully challenges a client’s initial “Ineligible Security” rejection from the administrator

FRT Success: As part of FRT’s process, we review deficiencies and challenge claims administrators when we believe they have incorrectly rejected a claim. FRT received an “Ineligible Security” rejection notice for a claim on an account for a $4b+ AUM hedge fund. Our Case Specialist team analyzed the notice and was able to validate that the transactions for the account in question were indeed eligible. Our Claims Team validated our filing submission and reached out to the Claims Administrator and was able to reverse the rejected claim. We do this for all our clients regardless of the recovery amount.