Worthless Securities DTCC Non-Transferable list

[$hellKing]

Well looks like most of the MM shorting stuff and all that was actually promoters, friends and family who received discounted unregistered shares. But probably wont matter all those guys are moving offshore to deposit those certs.


I believe at some point the brokers were eating the fees for a long time. Not certain but I believe a lot were for a long time. At least USAA was. So I think they just got tired of it and decided they were losing too much money. TA started realizing they could make money too and started charging Fed Ex fees and other fees.



Its just the same ole few rotten apples that screwing everyone over. Some of the clearing firms its appears were taking the biggest hit bc they got stuck with tons and tons of unsettle securities.