I have been reading posts here and "there" about a clawback. The more time that goes by, the more difficult such a clawback would be to execute. We are coming up to a month since the payout. That money has been spent, invested, removed by ATM, etc. The Nasdaq rule 11140b2 (25% rule) translates into the reality that everyone owning the stock on the ex-date was entitled to the divvy PROVIDING that there was a due bill attached. It was up to the DTCC to determine those that did and did not have a due bill. I specifically asked my broker while we were waiting for to be paid...IF I had a due bill attached. Many of these clerks are very young and inexperienced and did not have a clue so they gave the "quick" answer passed on by their supervisor .... (if he owned it on the ex date he's entitled) without doing the legwork and checking with the DTCC. IMO there were naked shorts that were connected with CORE and possibly with E Trade and they got billed for the dividend, as is supposed to be the case. If you are short a stock and a dividend is paid then the shorter is billed for the dividend. Because of this 25% rule it has caught many off guard. I had worked on Wall Street for 35 years and I was not familiar with this rule. So I can imagine how many were familiar with it.
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