Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Patchie who wrote (95745)	10/3/2006 4:30:16 PM
From: StockDung	Read Replies (1) of 122087

What’s wrong with paper certificates? They’re expensive to issue, store, ship and insure. And every year more than 1.2 million are reported lost, stolen or counterfeit, costing investors as much as $50 million to get replacements issued. What’s the cost every year for the paper stock certificates issued to investors? $250 million or more. Paid for by investors, brokers, banks, custodians. Don’t all securities have paper certificates? No. Many securities now, including corporate and municipal bonds, U.S. government securities, futures and options, money market instruments and mutual funds are issued electronically — entirely without paper! Even U.S. Savings Bonds now come in paperless form. dtcc.com

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