Because SEC rules require that brokers clear all transactions promptly (1 to 5 business days for most types of stocks), brokers typically require stocks to be held in street-name to comply with this operational requirement. All securities deposited with us will be administratively transferred into street-name and held by our clearing firm.
Visit our website for complete details.
*For maximum security, we recommend the certificate be mailed in a separate envelope. You may also wish to insure your item for delivery with the carrier. We will notify you as soon as we receive both the Stock Power form and signed certificate.