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Cotton & Western Mining In CWRN
Posted On: 10/24/2013 10:45:33 AM
Post# of 8059
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Posted By: microcaps
dtc applied restrictions to 1000's of stocks altogether -often, as per many companys PR's, without notice or explanation and, as per such PR's, would not even tell those co's lawyers the reason for the trade for trade-when this began-since it had never occurred before and as per sources was politically motivated nobody knew what was going on- bob spent a lot of time looking into it himself but we could find no easy answers since there was no info or due process

now apparently due to a political or legal backlash DTCC is providing for some due process- though the whitepaper seems like a whitewash of dtc's imo illegal without due process prior actions

DTCC whitepaper concerning the issuance of Deposit Chills and Global Locks and the resumption of services.

http://t.co/bWbD8CYEWv

another post remarks:
"If you notice this process now includes the SEC, this was a result of the SEC action in March, 2012 for a “Fair Procedures Act” for clearing services. I would expect even more changes in the OTC since there are many tickers still under the old CNS Exit and Trade for Trade designation and Global Locks."













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