Thursday, June 04, 2015 5:01:57 PM
I have contacted my Trading desk and they have confirmed, that the reason Schwab has halted trading in this security is due to what is called a Global Halt. This Global Halt was initiated by the Depository Trust Company (DTC). The DTC settles trades for all brokerage firms. As of now the DTC is unwilling to guarantee the settlement for these trades. Thus, not guaranteeing that Schwab will receive payment for any trades in California Grapes Intl (CAGR). You may see trading volume from a firm that is willing to risk non payment in CAGR trades. However, at this time I can confirm that shares of CAGR can not be traded or issued in certificate form at Schwab, in response to guidance from the DTC.
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