$hit. Jim Sinclair has insisted readers to directly register shares in the event of a major financial crisis, and the custodian and/or clearinghouses go belly up. It may be too late now.
http://theautomaticearth.com/Finance/did-hurricane-sandy-cause-365-trillion-in-damage.html
And here is one of Jim Sinclair's repeated warnings:
http://www.jsmineset.com/2012/08/12/direct-registration/
In other words, if your broker goes bankrupt, your account may be zeroed out, through no fault of your own.
Saturday, November 10, 2012
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