Not true...I use Fidelity...here is their reply:
Of course I scrubbed my name out and reference # out(do you think I am nutz)
System: Thank you for contacting Fidelity Investments. All interactions are subject to recordkeeping and monitoring. IM representatives of Fidelity Brokerage Services LLC, Member NYSE, SIPC are unable to accept any trading requests to buy, sell or exchange securities, nor do they provide legal, tax or investment advice.
Me: Initial Question/Comment: Pulled certificates being redeposited...If I pulled certs for a position who is currently trading in the grey market would I be able to redeposit them into my cash account or my IRA account?
System: You are number (8) in queue. Estimated wait time is 0 hours 5 minutes 53 seconds
System: You are number (7) in queue. Estimated wait time is 0 hours 4 minutes 28 seconds
System: You are number (6) in queue. Estimated wait time is 0 hours 5 minutes 33 seconds
System: You are number (5) in queue. Estimated wait time is 0 hours 5 minutes 42 seconds
System: You are number (3) in queue. Estimated wait time is 0 hours 3 minutes 35 seconds
System: You are next in queue... Estimated wait time is 0 hours 1 minutes 37 seconds
System: Karen Snow has joined this session!
System: Connected with Karen Snow. Your Reference Number for this chat is xxxxxxxx.
Karen Snow: Good morning, Mr. Me! How are you? Thank you for waiting for us today.
Me: Hello Karen
Karen Snow: I have received your inquiry regarding depositing certificates, and am happy to help. I'm accessing your account now and will be right back with you.
Me: EIGH is the position in question.
Karen Snow: How are the certificates registered, meaning did they come from an IRA or a taxable account and what is the security please?
Karen Snow: Thanks!!
Me: Cash/Margin account
Karen Snow: Okay, thanks! Let me check with my help desk on this, Mr. Me. I'll be back as quickly as I can...
Me: I am going to be pulling the certificates from the company and want to ensure that there are no restrictions or reasons why I could not redeposit them into my accounts
Karen Snow: Thanks for clarifying for me! You can certainly deposit them into your brokerage account; once they are deposited, we send them to the Transfer Agent to get them booked in street name. I have seen where a Transfer Agent might reject them for one reason or another or sometimes, there isn't a Transfer Agent, so I can't say for sure once we receive them, what will happen when we send them through the process.
Karen Snow: Do you happen to know who the Transfer Agent might be for this company, Mr. Me?
Me: yes...give me 30 seconds
Karen Snow: Sure!
Me: Signature Stock Transfer
Karen Snow: Thanks, let me check a couple of things, if you don't mind waiting for me?
Me: Signature Stock Transfer, Inc.
Transfer Agent
2632 Coachlight Ct.
Plano, TX, 75093
972-612-4120
Me: No problem
Karen Snow: Thanks so much for that!!
Karen Snow: Mr. Me, thanks so much for waiting for me! I called, but all the stock transfer lines are busy right now; I don't think there will be a problem, since they are obviously the Transfer Agent, we have worked with them before. You can check with them by asking for the Stock Transfer department, or I can try and check later.
Me: Thanks...I will call them and confirm. Have a wonderful day!
Karen Snow: My pleasure and you as well, Mr. Me. Happy holidays too!
System: The session has ended!
AI
