.:Glendale Securities Inc:. | Stock Deposit Info
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Stock Deposit Info

Types of Deposits We Accept

OTCBB/OTCQB/Pink Sheet Stocks

We generally accept for deposit, subject to documentation requirements and compliance review, OTCBB/OTCQB/Pink Sheet stocks that meet the initial criteria:

  • Do not have a “Caveat Emptor” status on otcmarkets.com
  • Are not subject to unsolicited quotes only, and are not classified as “Grey Market”
  • Trading over $0.01

Contact us today at (818) 907-1505 ( option 2 ) to see if we can accept your physical certificate.

Physical Certificate Deposit – Non Affiliate Shares

Affiliates of the company include officers, directors and shareholders with large positions. There are other scenarios in which you may become an affiliate of the company. If you are unsure if you are an affiliate of the company please contact your attorney. The following includes instruction for deposits of non-affiliate share certificates.

Summary of items needed:
Client Checklist for Deposit Documentation
Deposit Securities Request Form
Original Stock Power
Original certificate without 144 or other legend
Fund account for at least $900

The physical certificate deposit fee of $900 is to cover DTC fees, delivery charges, and transfer agent fees. Please deposit funds via wire.

Opinion if Required

If the shares are not registered on a registration statement filed with the SEC, you will probably require a legal opinion covering the certificate. Some registered shares may also require a legal opinion.

Contact
Timeline for deposits

In most cases it will take approximately 3-4 weeks in order to clear your certificate. Delays occur when incomplete documentation has been provided.

Physical Certificate Deposit – Affiliate Shares

Affiliates of the company include officers, directors and shareholders with large positions. There are other scenarios in which you may become an affiliate of the company. If you are unsure if you are an affiliate of the company please contact your attorney. The following includes instruction for deposits of affiliate share certificates.

Summary of items needed:
Client Checklist for Deposit Documentation
Deposit Securities Request Form
Original Stock Power
Original certificate

Do not sign or fill out the back of the certificate.

Fund account for at least $900

The physical certificate deposit fee of $900 is to cover DTC fees, delivery charges, and transfer agent fees. Please deposit funds via wire.

144 Seller's Letter for Affiliates

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Addendum to 144 Seller's Representation Letter for Affiliates

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Form 144
Opinion if Required

If the shares are not registered on a registration statement filed with the SEC, you will probably require a legal opinion covering the certificate. Some registered shares may also require a legal opinion.

Electronic Transfer-DWAC/DRS Deposit Non-Affiliate or Affiliate

Summary of items needed:

In most cases it will take approximately 3-5 business days in order for your DWAC to be processed. Delays occur when incomplete documentation has been provided.

DWAC Deposits

DTC Delivery from another firm

Do you need to deliver shares from another broker dealer?

We can initiate a DTC Delivery from firm to firm pending approval of the paperwork associated with the acquisition of the stock.

We need the following:

  • Client checklist
  • DSRQ
  • Copy of the most recent statement from transferring firm showing your holdings and name on the account
  • Transferring firms DTC participant number (ask firm to provide this to you)
  • Fund account for at least $900
  • Opinion if required
DWAC Deposits - Non Affiliate Shares
Timeline for deposits:

In most cases it will take approximately 3-5 business days in order for your DWAC to be processed. Delays occur when incomplete documentation has been provided.

Forms for download: