Originally Posted by
celilo
Thanks RR for the update. VEry much appreciated.
However, I disagree on the proxy issue. Out of all the stocks traded by everyone on this forum, or anywhere else. How many people hold there stock certificates in their name? Most likely Merrill Lynch, E-trade, etc hold your certificates in proxy.
I could see an argument that the risk is greater in Iraq until there is an official trading OK by statute, but most transactions will be in proxy even after electronic trading. If you have stock certificates issued to you, you will have to physically mail them back and forth to transact business.