It's because of Naked Short Selling. Fraud Possibilities? Yeah, those frauds...not us. At some point in time people are going to realize we're getting the major shaft. Why couldn't you deposit physical cert's? Your TA should have record of every trade along with the DTCC to prove your physical cert's are ligit. So it should be simple. Maybe back in the 1920's you could counterfeit shares....but NOW? Come on.
I haven't tried it lately but I've heard you can't even get physical cert's any more. Why? because THEY want to be the ones to counterfeit shares (or naked short). They will tell you, "We have all that information in computer data bases, no need for physical cert's. Ahhhh, that way they are not accountable to anyone and they run the data base. My opinion, MYFT is Naked Shorted and will continue to be....that's why we are setting at .04 with millions of shares being traded and no forward movement.