Posted On: 10/24/2013 10:45:33 AM
Post# of 8059
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."
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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