Hey bubba! The difference is that our brokers DON'T HAVE OUR FREAKING CERTS!! CAN'T SHRED SOMETHING THEY NEVER LEGALLY OBTAINED EVEN THOUGHT THEY STOLE OUR MONEY!!! GET IT??
it's called PREM and it pertains to worthless securities
PERM is DTCC programmes that elates to non-transferable paper certificates.
Non-transferable certificates are those for which the service of a transfer agent is no longer available. You may have noticed that BCIT has a transfer agent called Empire Stock Transfer.
It is still a prohibited action under FINRA regs for a broker to remove shares from a clients account without their prior permission.
That is why FINRA have forced brokers to restore shares to the accounts of several BCIT investors.
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