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To: Mike M2 who wrote (178738)7/10/2002 1:23:30 PM
From: Petrol  Read Replies (2) | Respond to of 436258
 
Thank you - I think I get it. :)

Yet by the example you're using, I get the impression that the certificates are important primarily to prove to any solvent broker that you do, indeed, own these shares.

And does the reverse work for shorting? Can long term shorts in accounts be done that way, too? If the broker you're short shares with goes under, how do you prove it to another solvent broker that you did, indeed, have these stocks short?


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