Professor, Lipscomb University. Co-founder, The Well Coffeehouse. Gallup Certified CliftonStrengths Coach. Braves fan.

Nashville, TN
Joined February 2009
At last, the smoking gun. NBH is brilliantly forcing the hands of brokers to deliver. If they cannot? A crime scene is established. Well played! 👉"The crediting of "phantom" stock shares to customer accounts that are not actually backed by certificate registrations would be a violation of applicable securities laws as well as a violation of fiduciary and custodial responsibility." #mmtlparmy
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NBH playing chess again. I transferred my shares to EQ long ago but note that this applies to all shareholders, including those holding in street name at brokerages. Brokers will now have to request and credit the additional shares based on their current positions. This creates another required servicing and reconciliation event. If a broker is carrying more positions than they actually have real shares for, they still have to go through this process. Nice move, NBH. Well played. @nbhydrocarbons #MMTLP
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