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Re: trader53 post# 17645

Monday, 07/22/2013 10:12:38 AM

Monday, July 22, 2013 10:12:38 AM

Post# of 244517
OWOO an e-mail from Scottrade on June 25th.....

OWOO - there are trading restrictions on this security.

Tuesday, June 25, 2013 12:09:06 PM
Scottrade is not accepting any orders (buy or sell) for OWOO

This trading restriction is due to the "global lock" that has been placed on the security by the Depository Trust & Clearing Corporation (DTCC). DTCC, through its subsidiaries, acts as a centralized clearinghouse, providing clearing and settlement services for U.S. Securities firms.

The global lock simply means that DTCC has suspended their trade settlement services for the particular security; therefore, we cannot settle trades or transfer incoming or outgoing positions. We will not accept orders for OWOO until the DTCC global lock has been lifted. We have no way of estimating when that might occur.
http://stockcharts.com/h-sc/ui?s=OWOO&p=D&yr=0&mn=4&dy=0&id=p92009573541


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