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russo123

11/11/10 11:42 AM

#731 RE: stockmarketmadness #726

You know your TDA "broker" is someone with a Series 7 license and gets a salary. He wouldn't be a wealth of information. I used to be licensed and was responsible for 50 brokers. I know how little these guys know the rules. They're salesman.

If you want to check again, ask them about CEDE and co. Or do a google search...



Cede & Co.
Nominee name for The Depository Trust Company, a large clearing house that holds shares in its name for banks, brokers and institutions in order to expedite the sale and transfer of stock.

"in ITS" name...


Or call the TA and ask him if he has your name (assuming you actually are a shareholder).

Seriously, this is the stuff that's easy. This is industry standard stuff. Once the TA issues the cert, he's done. Then it goes to CEDE and the DTC. They have the info. Not the TA.