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Re: nomoneyleft post# 3582

Friday, 10/30/2009 10:03:15 AM

Friday, October 30, 2009 10:03:15 AM

Post# of 19704
Paper certificates mean the physical, printed certificate that you can put in your own vault. It makes it a pain to sell when you want because you have to return them to the broker first and get them back into the system, but they are absolute proof of your ownership that no one can mess with. Paper certificates used to be the only way to hold stock before the electronic internet revolution...your broker used to hold them for you many times, but there are still stock certificates stuffed away in attics all over the country for companies that no longer exist.

Mr. Toscano was asking that if you are refused certs to please get it in writing as to the reason. He would like copies of it all. Etrade so far has even balked at giving me written denial of paper certificates. I asked for paper certs from Scottrade before moving my shares to Etrade and they refused too. That was early on in all of this and they even told me I couldn't move the shares. That turned out to be false, and my shares are now moved. Lots of funny things happening.

I am still waiting on word from Etrade on whether they will give me it in writing that I can't get certs. $75 was the fee listed for printing certificates IF your security was eligible for doing it... They claim IPWG is not eligible....