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To: Amir Feinsilber who wrote (1682)8/26/1998 11:19:00 AM
From: AKAPAK  Read Replies (1) | Respond to of 5908
 
Having certs in your brokerage (Street Name) means:

1) the TA does not have you as a registered owner, only the brokerage

2) the voting information has to be sent to brokerage, then distributed to you - a lengthy and somewhat not so reliable process

3) Your shares are available to brokerage to short / margin

Best Investing



To: Amir Feinsilber who wrote (1682)8/26/1998 11:21:00 AM
From: Rock_nj  Read Replies (1) | Respond to of 5908
 
Because we want the MMs to cover their short positions. If you ask for your certificates the MMs will have to deliver them and if they don't own them (because they short sold them to you) then they have to buy them on the open market and the price will go up.


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