I'm not going to argue semantics.
1. I have a certificate from XYZZ corporation.
2. I send certificate, documentation, DSRQ, and other forms to BMA Securities.
3. BMA, through affiliates or other firms, gets the certificate deposited in my account for me to sell.
4. In order to sell, I call into a BMA account rep and give instructions.
5. BMA sells the securities and sends me the money.
So, BMA takes certificates and gets them deposited, holds in account and sells upon request. That's the part that matters.
My question is, will BMA lend shares out of my account should someone wish to short?
Your life is trite and jaded,
Boring and confiscated.
If that's your best, your best won't do.