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Cusip 205 is DTCC eligible and is not locked thats why the brokers etc ignored the cusip change in January 2006.
There are 1457 Non-Objecting Beneficial Owners in BCIT.
Individuals at SEC are subject to law enforcement.
Glad you appreciate the updates.
106s were cancelled 24 February 2012.
They are being replaced with 205s.
From Fidelity to a BCIT Client 1st March 2012
I have contacted our Operation and Services Group (OSG) to obtain the status of the Bancorp Intl Group security. I was informed that Bancorp Intl Group merger was canceled on January 20, 2012, therefore, new CUSIP will not be generated. We have no other new information about the security. You may want to use your favorite search engine to status the security.
What merger?
New Cusip? January 2006 is hardly recent.
Maybe those guardian of investors welfare at the SEC could do something about investors being given false and misleading information. Nahh TDGAF
Just because one believes something does not mean it is correct
Actually they just ignore you when they want you to go away.
Finger in ears eyes closed and him and that way the nasty people will go away.
NO THEY WONT!
"you are paid very well"
Are we?
I don't believe you'll get the answers you need from the Consumer Education department.
This was a letter sent to an Investor who had made an official complaint to SEC so why it went to Consumer Education is a mystery.
Mind you from what we have seen it looks as if the Education Department could do with some educating and some of the attorneys could do with learning about the law.
FINRA take their cue from SEC, they have said so in writing to us.
I think the DTCC and the SEC colluded to ping pong blame.
Here is an extract from a recent letter from the SEC to a BCIT Investor
"On August 31, 2005, the Financial Industry Regulatory Authority suspended trading in these securities"
Funny, I always thought it was the SEC who halted trading, or does this mean FINRA and SEC are one and the same?
"Since the DTCC placed a global lock on BCIT securities, the shares have not been available for delivery, transfer or withdrawal."
How then did TDA transfer shares to Schwarb? Simple they used a frozen letters which allows the transfer etc of locked and chilled stocks.
"The SEC cannot compel your broker to change its position regarding your securities as there are no federal securities laws
that require Charles Schwab to provide you with a physical certificate for your shares of BCIT."
So the SEC website is wrong when it says "when you buy a security, whether through your broker or from the company itself, you can ask to have the actual stock or bonds certificates sent to you"
( http://www.sec.gov/investor/pubs/holdsec.htm )
SEC Rule 15c3 -3 says " Delivery of securities.nothing stated in this section shall be construed as affecting the absolute right of a customer of a broker or dealer to receive in the course of normal business operations following demand made on the broker or dealer, the physical delivery of certificates for :
-Fully-paid securities to which he is entitled
Then there is UCC of the USA " § 8-508. Duty of securities intermediary to change entitlement holder`s position to other form of security holding"
The SEC revoked the stock registration of Energy Source on November 3, 2009 (refer to: www.sec.gov/litigation/admin/2009/34-60920.pdf)
Titter ye not at the revoking of a company that does not exist.
More to follow on this hilarious escapade.
We hope this information is helpful. Thank you for contacting the SEC.
Sincerely,
Investor Assistance Specialist
Office of Investor Education and Advocacy U.S. Securities and Exchange
Commission
(800) 732-0330
In case anyone had forgotten The SEC says that "The mission of the U.S. Securities and Exchange Commission is to protect investors."
It also says SEC brings hundreds of civil enforcement actions against individuals and companies for violation of the securities laws. Typical infractions include insider trading, accounting fraud, and providing false or misleading information about securities and the companies that issue them.
In January something did happen and yes tomorrow is March, but why would anyone want to prove differently?
Oh well never mind :)
Keep your eyes open and stay focused this week.
Upwards and onwards
Carlton Huxley have reported to the SEC and other US law enforcement agencies.
Email us and we will explain all. Here is not the place.
We can tell you two investors who had their shares unlawfully removed from their accounts have had them reinstated this week. That was not by magic.
I can also tell you that FINRA are dealing with another two similar cases and the indication is that their shares will also be restored.
The restoration of shares is part 1, and now part 2 is that the brokers have to deliver the certs.
Out of context.
What Comments from FINRA?
They tell me they have no certs whatsoever
Our point exactly So HTF are they going to cover their post lock trades.
DTC aint going to do it cos TDA traded without DTC.
Doh!
TDA do not have any shares other than those with DTC. Their chief Compliance officer said so in writing.
There wont be any valid 106 shares in the market place.
The brokers dont have any certs
We are still here watching and working away. Just dont have time to post here.
Carlton Huxley ltd have not vanished.
Our offices were closed over Christmas and New Year holiday period.
Just after Christmas a bulk mailshot went out (from a mailing company in Illinois) to the remaining 1200 people on our investors list.
This has generated a tremendous response which we are dealing with.
This influx of new enquiries combined with other operational considerations means that we will not be posting here for the foreseeable future.
We will continue to update investors who have asked for our assistance and there will also be regular PR releases.
The email address remains es@carltonhuxley.com
Happy New Year.
We have worked out "the clerical" error.
Unfortunately we cannot go into any further details at this stage.
"anyone that would now hand over money to BCIT for a private placement or anything in a restricted cert form is nuts. Fix the old problem before you even consider asking for fresh money in any form. Weren't there supposed to be some big changes this week?"
In normal circumstances we would say Lakers is 100% right, but this situation is nuts. You cannot fix the old problem by magic.
Unprecedented cases require unprecedented thinking.
The answer to your question is in Lakers comment and the discussion document that was sent out.
Weren't there supposed to be some big changes this week?
Yes.
It is the cusip that is locked That is not correct.
The PR when it came out. Didn't say much - thanks for your input Janice.
You might say that, but we cannot possibly comment :)
The developments of the last 48 hours are not for this board.
Janice stop guessing read the PR.
I guess we must not be locked You guess right
Bancorp International has not been revoked in any legal or administrative proceedings.
As you like Janice as you like
Janice get it into your head once and for all we understand the way the process works.