InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,537.02
(
0.51%
)
US TECH 100
19,641.60
(
0.83%
)
Dow Jones
39,308.00
(
-0.06%
)
Brent Oil
87.35
(
0.51%
)
Bitcoin
58,197.23
(
-3.27%
)
Post# of 159752
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

matrix

Send PM Follow Ignore
Followers 30
Posts 4021
Boards Moderated 0
Alias Born 08/01/2004

matrix

Re: Texbanker post# 72055

Saturday, 04/28/2007 7:55:20 PM

Saturday, April 28, 2007 7:55:20 PM

Post# of 159752
The Securities Information Center operates a database for the SEC containing lost, stolen, missing, and counterfeit securities certificates. When a paper cert is deposited, it's supposed to be checked against this database. Not sure at which level -- broker, clearing house, or DTC.

AFAIK, BCIT's TA didn't initially notify the SIC w/ cert numbers because they weren't known. So, the database check would have shown no problems. Then, there would have been a time lag as the certs moved from customer to broker to clearing house to DTC over to the TA for re-registration.

-----
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
-- Warren Buffett

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up