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authorize and direct the Trustee/Custodian to place
regular IRA contributions in my rollover IRA or vice
versa.
Sometime after petitioner had hand-delivered his J.D.
Edwards & Co. stock certificate to Norwest, representatives of
Norwest prepared the paperwork necessary to permit the
registration and sale of petitioner’s shares, and they sent the
paperwork to petitioner for completion. The completed paperwork
was received from petitioner by Norwest’s office in Boulder,
Colorado, on or about October 7, 1998, and was forwarded to
Norwest’s home office in Minneapolis, Minnesota. The paperwork
and the stock certificate were then sent to the transfer agent on
or about October 20, 1998, and the shares of stock were
registered in unrestricted form on or about November 4, 1998.
Norwest sold petitioner’s J.D. Edwards & Co. stock on or
about November 16, 1998. The statement for petitioner’s IRA for
the period ending November 30, 1998, reflects the following sales
of J.D. Edwards & Co. stock:
Net Proceeds
Trade Date Shares Price (after Commissions)
Nov. 19, 1998 300 $32.750 $9,786.79
Nov. 19, 1998 23 32.750 750.62
Nov. 19, 1998 8,000 32.625 260,087.75
Nov. 19, 1998 2,000 32.812 65,396.92
10,323 32.737 336,022.08
The above proceeds were invested in a money-market mutual
fund and earned dividend income in the amount $509.90 for the
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Last modified: March 27, 2008