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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: vegetarian who wrote (9012)	11/22/1997 7:51:00 PM
From: Joseph G.	Respond to of 18056

For assets you get assets back, for cash balance - money. If options expire worthless, get nothing, if in the money - they are supposed to be settled, and get that cash and/or stock; if time permits, will be transferred to another broker who can trade. <<is there a condition under which it may not be possible to get the stock back?>> If you don't have certificates, they are usually held by a trust Co. "in Street name", if destroyed by fire, transfer agent has a record, etc. However, when brokers fail, stocks usually don't do too well ... might not want it back. Can always sue them, for lost assets, might get a "6 cents on the dollar" kind of thing. Joe