Yeah umm we are not talking about creating newly issued physical certs, were are discussing the TRANSFER of ownership from those buying and selling the equity. Many claim that electronic format hides this transaction, but in Ex Clearing it is a manual paper process of taking the cert from one persons name and placing it into the new owners name through the use of old fashion paperwork.
Yes the company is more than happy to allow their TA to create the new physical Cert in the new owners name. GEEEEEZ the basics are not even here to have an educated discussion on such processes of clearing and settlement. The company TA is always involved in the creation of the certs and they assess a nice fee to do so which gets passed on to the customer in many cases. As I stated previously, in non DTC eligible securities upon sale of such securities one can in fact be assessed up to $700 in pass through fees for each transaction, some of that fee is from the Transfer Agent.
O WOW.. I mean really…… O WOW
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