dtcc and the brokers will explain that the divy wa

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gonzilee Member Level Wednesday, 10/07/15 01:05:27 AM
Re: janice shell post# 38346
Post # of 38437

and like i said, this is going to be drawn out for a long time. they have subpoened a list of all dtcc members who received cor funds, which means they are going to ask all brokers to send a rep on behalf of their clients to address this. the dtcc and the brokers will explain that the divy was a "special" divy and that the rules for that type of divy were complied with, which will then prove that the divy was legit and that shareholders received their divy in accordance with sec rules for a "special" divy. i do not think that an appointed receivor is going to be given any authority to unwind the divy. the dtcc is simply supplying a list of dtcc members who they gave divy money to. there is no indication that the dtcc is agreeing to unwind the divy. there has been no proof of it not being legit and nothing to support that the dtcc gave divy money for shares that were not eligble under special divy rules.

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