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From: pvl@houxh.UUCP (P.LAMASTER)
Newsgroups: net.invest
Subject: Re: money market account and signature g - (nf)
Message-ID: <304@houxh.UUCP>
Date: Thu, 1-Dec-83 09:52:47 EST
Article-I.D.: houxh.304
Posted: Thu Dec  1 09:52:47 1983
Date-Received: Fri, 2-Dec-83 08:17:12 EST
References: <4215@uiucdcs.UUCP>
Organization: Bell Labs, Holmdel NJ
Lines: 19

> It is my understanding that the legend JTWRS (Joint Tenants
> With Rights of Survivorship) does allow one of the named parties to
> sell the stock.

  It was *my* impression, too.  That, however, is how the stock was
registered (JTWRS And Not As Tenants in Common) and I was still required
to have *both* signatures.  I was *very* surprised.

> My question is why not open a brokerage account?

  I agree.  In this case, however, the stock was a distribution from
a company plan and I was selling it through the company (to get reduced
brokerage fees).  In support of your suggestion, I later sold some more
of the stock, similarly registered, through my normal broker, and he
had no problems about accepting the signed certificate through the
mail *without* the guarantees.

  Pete LaMaster BTL NJ (201)949-0040  ihnp4!houxh!pvl