Smuggler - thanks. That did prompt me to call Fidelty and the phone rep indicated they will accept OTC company Certs with share value of 25 cents. You may have relationship with them so they took the Certs in at lower share price but per the phone rep 25c is the current requirment. OTC listing is ok and the only other requirement is visiting a branch in person and signing the Certificates at the Branch. If joint registration then both parties need to sign of course. We should not have long to wait for the 25 cents to test the waters.
TDAmeritrade is where I have an account and I had earlier deposited quite a few Certs before they abruptly stopping taking MXSG Certs. I just called and spoke with Jack Burr in the Share Deposit dept 1-800 62-4584, and he said No - they are still not taking MXSG. That was as expected.
Their Risk and Compliance dept keeps a list - the reps enter the symbol and get a comeback: 1) Yes Accepting Certs or 2) Yes accepting with share origin documentation or 3) No not accepting - for any sybmol they enter. He didn't give any one price that would change the answer and said to call back later. I will at higher price. Would prefer staying with TDA. He did confirm that TDA takes OTC Certs so that is not a stopper.
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