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Thursday, February 04, 2016 6:48:34 AM
Nothing stated in this section shall be construed as affecting the absolute right of a customer of a broker or dealer to receive in the course of normal business operations following demand made on the broker or dealer, the physical delivery of certificates for:
(1) Fully-paid securities to which he is entitled,
All securities which are held in the indirect holding system ie street name, are subject to Uniform Commercial Code (UCC) 8.
They are entitlements and UCC Rules 8-504 to 8- 508 cover what are called security entitlement orders. In brief if the customer says they want their security delivered to then in certificate form then the broker must comply immediately.
Good Luck!
Rub-A-Dub-Dub…Three perps in a tub…The broker, the banker, and the counterfeit equity maker!!!
Please research all stocks before investing. My posts are my opinions and are not buy or sell recommendations.
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