Private Stock deposit question

caribbeansun

New Member
Joined
Oct 17, 2022
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12
At the risk of sounding overly negative I'm wondering what, if any, protection a purchaser has on their deposit for a PS purchase with lead times out say 24 months. With rather gloomy economic forecasts rolling in all the time I wouldn't want to pay a deposit, have the dealer retain all or a portion of it and then have them go out of business. There's zero protection under bankruptcy laws and with the current lead times forget about a credit card chargeback.

Do people get some kind of confirmation from PRS that their deposit is on account and "safe" or is the purchaser entirely at the mercy of the dealer's ability to stay in business?
 
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