Sunday, February 23, 2014 11:30:51 PM
Anyway, when it came time to turn over the cert if found that neither Charles Schwab nor Scottrade would accept it. Yes, this even though the cert was worth a substantial amount of money and I had sizable accounts in both brokerages. However, I was fortunate enough to find that TDAmeritrade would accept the cert without question or issue. This was an experience that I never expected to encounter where some highly respected brokerages wouldn't accept a particular stock certificate.
So, based on this first hand experience, if anyone decides to get a physical cert on any particular stock they hold, they might be best served to inquire ahead of time and see if their brokerage will accept it at a later date. I agree it feels safer to have a piece of paper defining ownership in your hands, but if you can't do anything other than frame it and hang it on your wall you're defeating your intended purpose of investment safety.
Anyway, thanks again for your informative posts. Have a good one.
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