The broker below is telling the world that it is fraud for the CTs to trade on an exchange that records notes from the CTs' prospectuses and not be enforceable. Any broker would love to hold all the CTs' redemption cash in their Bank:
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Lehman Brothers Fina (LEHNQ)
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Volume: 13,335 @05/10/21 3:12:58 PM EDT
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0.125 0.997 0.154 - 0.16
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bluebird50 Member Level Monday, 05/10/21 02:54:35 PM
Re: Ray_137 post# 93322 0
Post #
93323
of 93331
Dear XXXXX,
We recently reviewed the exchange-traded note (ETN) position(s) and/or preferred stock position(s) held in your account(s) and wanted to ensure you're aware that redemption features exist for the security(ies) listed at the bottom of this message. If you've recently liquidated this position(s), please disregard this message.
The issuer(s) could call the below-listed position(s) prior to maturity, an action also known as an "accelerated redemption," and return the current value of the ETN and/or preferred stock position(s) to you, minus the issuer's fees.
If the ETN(s) was purchased through TD Ameritrade, your confirmation may not have included this information due to a gap in our data source. This information is derived from the prospectus that would have been available to you from the issuer, as well as other sources, at the time of purchase.
We're Here for You
You do not need to do anything at this time regarding the security(ies) listed below. If you have questions about your investments or account(s), just reply to this message to write us, or call Client Services at 800-669-3900. We're available 24 hours a day, seven days a week.
Thank you for choosing TD Ameritrade. We're glad to have you as our client.
Sincerely,
TD Ameritrade Client Services
Please Note: In the event you have more than one account with an impacted ETN and/or Preferred Stock you may receive more than one notice.
ETN/Preferred Stock CUSIP
LEHMAN BROS HLDGS CAP TST V 6% PRF 22/04/2053 USD25 M 52520E200
LEHMAN BROTHERS HLDGS CAP TRUS 6.24% PRF 18/1/54 SERN 52520X208
LEHMAN BROTHERS HLDGS CAP TRUS 6.375% PRF K 15/3/52 USD 52519Y209
LEHMAN BROTHERS HLDGS CAP TST 6.375% PRF 31/10/52 SERL 52520B206
TDA 1002233 EM 05/21
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