Control of a securities entitlement is not an acceptable method of obtaining control over the physical shares. So I think Lender gets properly perfected in what is now a securities entitlement to the shares. Ignore beyond.rtf attachment. Borrower has delivered a stock certificate to Broker to be held in a securities account. The stock certificate is registered in the name of Borrower.
Lender wants a security interest in the shares represented by the stock certificate.
If you are not the named addressee or an employee or agent responsible for delivering this message to the named addressee, you are not authorized to read, print, retain, copy or disseminate this message or any part of it. If you have received this message in error, please notify us immediately by e-mail, discard any paper copies and delete all electronic files of the message.