Ameritrate Answer... PHYSICAL CERTIFICATES????
Regarding buy trading for TRUESPORT ALLIANCES & ENT LTD symbol TSAN. TSAN trades in physical certificates ONLY and opening transactions for this security are not accepted.
1. Several companies have recently announced that they will recognize ownership or transfer of their shares only by physical certificate instead of the modern electronic book-entry system. One or more other companies are encouraging shareholders to convert their stock to physical certificates.
2. Where companies convert to physical certificates only, it has become extremely difficult and, in some cases, impossible for brokerage firms like Ameritrade to obtain shares for their clients. Converting to physical delivery also increases the costs associated with transferring ownership of common stock between buyers and sellers.
3. To reduce the risks that transactions cannot be settled timely and the added expenses associated with physical delivery of shares, Ameritrade is not accepting any new opening orders in such securities.
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