Actually this is the only way I can hold my CT stocks. TD wanted me to to transfer or sell, I know Lehman CTs are the key issue which caused problem. I had GTC buy order for one of the CTs, after weeks running, it was cancelled automaticity without my consent. I knew maybe some guys shorted those stocks they have no stocks to cover. Cause I have almost 470,000 shares of 4 CTs. One of TD representatives even quoted me 500$ for each certificate. I just don’t know what is going on there.
Maybe Lehman is going to issue new substituted preferred stocks.