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Re: cardnut post# 74021

Thursday, 07/24/2014 6:26:26 PM

Thursday, July 24, 2014 6:26:26 PM

Post# of 222094
This is really simple:

Broker can't even cut a cert for a measly 5% of my holdings that are 5months+ old.... How about that folks!!!



Brokers dont "cut" certificates the Transfer Agent does concurrently with the NSCC. The process is not in days it is weeks to produce an UNDERWRITTEN physical certificate.

Sob gave me a refund for the cost of the cert and basically said" I don't have any"!!!



First thing is we are not getting the actual statement, instead were getting "basically said".... well great but what did they really say as I can guarantee they didnt say "I dont have any". Once again they dont produce certificates in the first place, so it is quite moot to expect them to have a physical certificate to give you.



SAY WHAT?? T+3 means the shady crook should have them in his possession to make good of my holdings.



First T+3 has to do with Trading and settlement not delivery of a physical certificate. Once again they do not have PHYSICAL certificates in their possession, that is strictly the Transfer Agent.

It's my property and sob broker says, "I don't have any"!! LMFAO, but there's no naked short selling happening here folks!! 20 BILLION A/S and atleast my broker has ZERO!!



There isnt any Naked Short selling going on here, you are absolutely correct and the problem presented also doesnt have anything to do with Naked Shorting. In fact the problem presented is complete unawareness to the actual process and incorrect expectations of a broker.