Speaking of the devil...its alive!!!!! Please d
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Posted On: 08/31/2021 5:52:44 PM
Speaking of the devil...its alive!!!!!
Please don't get distracted.
The value of a real stock certificate is Constitutionally recognized as "property".
DISTRACTIONS... DISTRACTIONS.... DISTRACTIONS
janice shell Member Level Tuesday, 08/31/21 05:35:39 PM
Re: onehundredmph post# 51341 0
Post #
51354
of 51355
A lot of brokers don't deal in certs anymore. And a lot of companies don't use them. There are easier and better ways to issue and track stock.
https://investorshub.advfn.com/boards/read_ms...=165716103
Jesep responds in kind. I didnt want to get into this with JS because all JS will do is run circles around the process of electronic shares and cause confusion...
jseps0036 Tuesday, 08/31/21 05:50:21 PM
Re: janice shell post# 51354 0
Post #
51356
of 51356
Oh you again.
Except when a shareholder requests certificates, the broker MUST provide them (usually for a fee), but it is not uncommon for the broker to not even have them in their inventory and then need to actually acquire the stock at market price. The "easier and better" ways you are referring to are the practices of letting customers buy and sell shares electronically, but HOPING that those customers never actually try to claim ownership of those shares via stock certificates.
And if there is an inventory check, it would be no different than a certificate check. The TA and lawyers will want to know that a broker that credited 500K of shares to a client actually has those shares on their books. As I've stated before, the majority of brokers will NOT hold their own inventory of shares for OTC tickers, but they MUST credit you with the shares if you buy at the ask. They then need to ensure that they have those shares on their books. If they don't, then they will need to obtain them...at whatever the current price is.
$13
$CRGP
Please don't get distracted.
The value of a real stock certificate is Constitutionally recognized as "property".
DISTRACTIONS... DISTRACTIONS.... DISTRACTIONS
janice shell Member Level Tuesday, 08/31/21 05:35:39 PM
Re: onehundredmph post# 51341 0
Post #
51354
of 51355
Quote:
Wondering if all brokers got notice for a stock certificate inventory check.
A lot of brokers don't deal in certs anymore. And a lot of companies don't use them. There are easier and better ways to issue and track stock.
https://investorshub.advfn.com/boards/read_ms...=165716103
Jesep responds in kind. I didnt want to get into this with JS because all JS will do is run circles around the process of electronic shares and cause confusion...
jseps0036 Tuesday, 08/31/21 05:50:21 PM
Re: janice shell post# 51354 0
Post #
51356
of 51356
Oh you again.
Except when a shareholder requests certificates, the broker MUST provide them (usually for a fee), but it is not uncommon for the broker to not even have them in their inventory and then need to actually acquire the stock at market price. The "easier and better" ways you are referring to are the practices of letting customers buy and sell shares electronically, but HOPING that those customers never actually try to claim ownership of those shares via stock certificates.
And if there is an inventory check, it would be no different than a certificate check. The TA and lawyers will want to know that a broker that credited 500K of shares to a client actually has those shares on their books. As I've stated before, the majority of brokers will NOT hold their own inventory of shares for OTC tickers, but they MUST credit you with the shares if you buy at the ask. They then need to ensure that they have those shares on their books. If they don't, then they will need to obtain them...at whatever the current price is.
$13
$CRGP
(1)
(0)Calissio Resources Group, Inc. (CRGP) Stock Research Links
U.S. Constitution
"The Preamble
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
Oath
"I solemnly swear to support and defend the Constitution of the United States of America"
The Flag
"I pledge allegiance to the flag of the United States of America, and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all."
"The Preamble
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
Oath
"I solemnly swear to support and defend the Constitution of the United States of America"
The Flag
"I pledge allegiance to the flag of the United States of America, and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all."
Quote:
If the broker-dealer fails to deliver for 13 days, the regulation imposes a “close out” duty to purchase and deliver securities “of like kind and quantity.”
https://www.bloomberg.com/opinion/articles/20...ify%20wall
https://www.scotusblog.com/case-files/cases/m...v-manning/
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