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Re: Toxic Avenger post# 161521

Sunday, 01/29/2012 11:41:42 AM

Sunday, January 29, 2012 11:41:42 AM

Post# of 312015
WoW. The brokerage firm holds shares for the customer in the brokers name. The brokerage firm is responsible to produce the shares that they hold for the customer. The individual share holder can request the share certificates to be physically delivered (for a fee). If the broker decides to nss multiple times the float the brokerage firm is still responsible to produce the shares.

If the brokerage firm becomes insolvent due to their risk management there is insurance. In Canada it is the CIPF. They insure up to 1 Million in your account. JBII is an eligible equity.

What you wrote sounds scary. I hope this helps.