FLST - Final Verdict
They handled the 200 share roundup at the record holder level, but in order to qualify, you had to hold a physical certificate or be a registered shareholder with the Transfer Agent. I assumed that if your brokerage held an aggregate of less than 200 shares, they would issue roundup shares to the broker (to make sure that the broker as a whole would have 200 shares) and then the broker would decide how to divy up the additional shares amongst their customers. Even though the broker is the registered holder of the stock, the company chose not to recognize any shares held by a broker (in street name) with regard to the roundup.
This sounds illegal, doesn't it?