United Western Bancorp Inc (fka UWBKQ)

[imawswami]

Subuclayton is #913201109 listed in the Etrade account?

This is the Cusip #, or identifying number, universal to all stocks and bonds.
If you find this numeric (held within the Etrade account), along with appropriate share count of UWBKQ) -there are no worries.

Reading a previous post:

"Not sure where we stand re: de-listing of shares by DTC, but I called E-Trade, which said they have no official responsibility for it, and suggests that individual shareholders contact DTC in New York and and take it up with them.. Offering to pay fees to keep de-listed stock listed? Doesn't seem promising.. Who reported the 30-day DTC notice to de-list? The E-trade guy said I shouldn't holler until I'm hit and then call DTC in New York. He checked the stock listing and said he had no info about a de-listing."

it's seems there is a misunderstanding in terminology. . Delistment, which you equate to share removal from your account, is not the same as Non-transferable share destruction through the PREM program-which is share removal and shredding.

Would recommend reading an excellent post on this:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=34927774

You have been receiving incorrect info from Etrade and others, so don't feel bad.

You cannot change delistment status, this is the SEC's domain and was more than likely triggered by UWBK's failure to file quarterly reports (why bother when going BK-7 right?). We delisted years ago, so maybe this is why Etrade's response was laughable.

Without a transfer agent, as a result of this stock's restriction on trading (delistment), the security became (through the lack of transfer agent)
non-transferable.

After some years as a non-transferable, and the Etrade/Morgan Stanley merger, we got temporarily thrown into the PREM program by our broker.

I wrote them here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170309035

This was their response:
"You were previously notified that E*TRADE was removing the below referenced security from your account because it was classified as non-transferable by the Depository Trust Company (DTC). While DTC has deemed the security non-transferable, E*TRADE has elected to suspend the removal process.

You may remove these securities from your account by initiating a worthless securities transaction, whereby you will relinquish such securities to E*TRADE. Otherwise, these securities will remain in your account.

If you have questions, call us anytime at 800-ETRADE-1 (800-387-2331). You can also log on to your account and chat with us."

Subuclayton, it's good to be concerned with this issue, but with the CUSIP you are imo covered. It is personal belief that those who are relying on records outside of the CUSIP may be in for an unpleasant surprise. While the broker may well be informed that your shares existed in the account, matching those shares, and locating those exact same ones shredded is not the brokers problem. Its the DTC's .

The broker is absolved, and the DTC only has to use their best-efforts at locating the exact shares destroyed. No one will question that shares were shredded, it becomes a matter of ........exact location amongst the many.

IMO, if the DTC cannot identify, then the beneficiary (assuming legal claims are lost) will be the FDIC. Again, IMO, that agency will pocket any settlements/ recoveries those shares might have received.

Hope this helps