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Strategies & Market Trends : Americans 4 "No Own - No Sell" -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (260)10/3/2001 4:47:58 AM
From: Ga Bard  Respond to of 455
 
Jorj ... you are not correct. Go read your account agreement to open an account.

19. PLEDGE OF SECURITIES AND OTHER PROPERTY. , now or hereafter held by DBS, or carried by DBS for the undersigned (either individually or jointly with others), may be held in DBS's name or that of any nominee, and may from time to time and without notice to You, and in compliance with applicable federal and stock exchange regulations, be carried in DBS's general loans and may be pledged, re-pledged, hypothecated, or re-hypothecated, or loaned by DBS to either DBS as a broker or to others, separately or in common with other securities or any other property, and without retaining in DBS's possession and control for delivery of a like amount of similar securities, or other property.

Not sure why people are ranting about who is wrong that guy just proved he is wrong and even went as far to proving it. I could have done that but is standard to open an account. However what part of "All securities or other property" and "carried by DBS for the undersigned" and "held in DBS's name or that of any nominee, and may from time to time and without notice to You," do you not understand?

Heck your agreemnt and then go talk to an attorney for your proof American have no rights over the property when they open an account and deposit it.

P2bAAAT & DSAS