InvestorsHub Logo
Followers 3
Posts 2939
Boards Moderated 0
Alias Born 04/12/2017

Re: SevenTenEleven post# 220289

Friday, 04/14/2017 2:24:35 AM

Friday, April 14, 2017 2:24:35 AM

Post# of 221852
Give it more time, you have been waiting a decade already. The smaller brokers probably haven't done it yet.

However, did you actually read the documents? Here are the links again.
http://www.dtcc.com/matching-settlement-and-asset-services/issuer-services/how-issuers-work-with-dtc
https://www.sec.gov/rules/sro/dtc/34-49930.pdf

There are other possibilities; some of the brokers have certificates or they are paying the increased storage charge which is at the option of the broker. If they have some they can't give them to you because they would have to be broken up into the proper amounts and that takes a transfer agent. There might not even be actual certificates because that system is pretty much over.

The book entry you often refer to is called Dematerialization. https://en.wikipedia.org/wiki/Dematerialization_(securities)

Neither Knight or TDA makes 0.0001% of their income on all the stocks like this added up. You take the risk on the stock, not them.

The management at FFGO took your money, it's called Stockholm syndrome.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.