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To: robert duke who wrote (3058)10/4/1998 9:40:00 PM
From: tkb  Respond to of 4230
 
Robert:

If your certs are not in an IRA then you just call your broker and request that the certs be sent to you. There is a nominal charge for instance $15 for Fidelity. They will have them mailed to you. In most brokerages you can trade them right up to the time they are put in your name and mailed to you. You sell them by calling up the broker and giving them the cuspid number on the certs and then you have three days to deliver them to the brokerage. Obviously you could possibly have a snafu during the time they are in the mail to you but you can have them Fedex overnight. Now if they are in an IRA you do not want to take physical possession outside your account since that will be a distribution. Depending on the brokerage, you can have them placed in the trustees name/ your name or the trustee's name alone. I haven't checked this out and your will need to work with your broker. If you pull them, and I think it is very smart, be sure to post them on the unofficial website so they can be counted in the total. I hope this helps.

tom