Yup...... and that is why I suggest to force your broker to put in writing this type of a statement (notarized makes it a legal document). We all know the business relationships that can exist between brokers and MM's.....the message will get out if enough brokers put some polite pressure on the MM's that shareholders are demanding accountability of the actual shares.
If that doesn't work or satisfy the validation then consider actually taking possession of the certs.
My only issue is that taking possession of the certs takes away the liquid ability of trading such equities if one needs to make an immediate trade or market change suddenly occurs.
You are correct...regarding most stocks. You forget though that MMs 'should' not have so much as 1 share on the books. It is the Hemi TA who 'has the shares on his books'.
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