coinsguy, I agree, that if you request certs the broker must notify the TA, as all certs are carried in street name and the TA would need to issue the requested cert to the investor, in turn the broker would remove that investor from his NOBO listing and remove the IOU from investors account.
The scenario I was relating to, was only for the exchange of certs and or the distribution of dividends, the TA forwards company instructions to brokers for compliance.
Megas email indicated that he expected the brokers to send in the 106 certs for exchange without TA instructions to do so, which makes no sense, how would the brokers know if the TA had the 205's to exchange? We know they don't.
Seems that Megas is expecting the brokers to jump because he put out a PR, all I'm saying is the brokers will not comply without TA input to brokers.
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