The words "counterfeit shares" is a false statement, there is no such thing as a counterfeit share in the electronic sense. In the OTC that physical certificate must be deposited into an account at a brokerage through significant due diligence as to its issuance and verification from the Transfer Agent. Also the TA would have to issue a new physical cert to the DTCC. So there is no such thing as counterfeit shares in the electronic CNS system.
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