Movement Industries Corp (MVNT)

[nsomniyak]

I understand all that, as that is the primary reason DTC exists in the first place - to save all parties the hassles associated with physical certificate transfer.

However, while I have not done so, I can think of a couple reasons why "a regular shareholder" might request getting their shares in certificate form. It would certainly eliminate the possibility of those shares being loaned out to shorts, and it would allow that certificate to be used as collateral for some other kind of loan or purchase. A parent might want to split a position among multiple children, etc. Finally, there are people who just prefer having their cash (and stock certificates) under their mattress than help by any institution.

I agree it is a pain, but I was simply indicating that a reduction in the amount of shares at DTC need not be due to correcting an error.