Naturally, people could get a refund if ... they win. What I understood from the lawyer is that I gave money to the broker to get shares from the broker. By accepting the money, the broker accepts to deliver the goods (here the shares). If he fails to deliver, I have a judicial right to a refund.
The proof I need is an official demand for the certificates. As long as the broker does not show the certificates, he cannot prove that he delivered the shares. The number of shares written in my account would not be sufficient to prove they delivered. In normal times, there is a trust relation between the broker and the client and the account info is considered valid for both party (as long as no one contests it within 3 days after the trade).
The big question is: who has the money paid for the shares by the traders?
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