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Re: Doubledownga post# 7765

Monday, 02/26/2007 2:05:59 PM

Monday, February 26, 2007 2:05:59 PM

Post# of 12901
I called Scottrade as well and it is the same procedure, but 50 bucks to get the certification. They said that they don't allow shorting on any stock under 5.00 a share. (But then again it is scottrade and they are very shady in my opinion) They said that if you get your certificate then you aren't allowed to sell the shares unless you bring the certificate in to them and then they will place the shares back in your account and then you can sell them at will.

The way I see it is a mutual trust relationship between the company and the investor. I am going to certify most of my shares.

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