Paychest Inc (PYCT)

[sympathy4dadevil]

What I saw that is good for longs and bad for mm shorters/brokers of PYCT is the DTCC discontinue its Stock Borrow Program .
imo

GO PYCT!



DTCC March 14, 2014 NSCC’s Rules & Procedures to discontinue its Stock Borrow Program.



http://www.dtcc.com/~/media/Files/pdf/2014/2/7/a7676.ashx

.
Non-Confidential
Important Notice
National Securities Clearing Corporation
A#:
7676
P&S #:
7346
DATE:
FEBRUARY
7 , 2014
TO:
ALL PARTICIPANTS
ATTENTION:
MANAGING PARTNER/OFFICER, OPERATIONS PARTNER/OFFICER,
COMPLIANCE OFFICER
FROM:
GENERAL COUNSEL’S OFFICE
SUBJECT:
APPROVAL OF
RULE FILING
(SR - NSCC - 201 3 - 13)
–
DISCONTINUE
NSCC’S
STOCK
BORROW PROGRAM
On January 31
, 2014
, the Securities and Exchange Commission (“SEC”) approved
1 the rule filing file no. SR-NSCC-201
3 -13 “Filing”),
which was filed with the SEC by National Securities Clearing
Corporation (“NSCC”)
on December 10, 2013 pursuant to Section 19(b)(2) of the Securities Exchange
Act of 1934, as amended.
The Filing proposed to amend NSCC’s Rules & Procedures to
discontinue its Stock Borrow Program.
The proposed rule change described in the Filing will be effective as of Frida
y, March 14
, 2014.
The full text of the Filing may be obtained by visiting the DTCC website at www.dtcc.com.
Implementation of the
proposed rule change will be announced by separate Important Notice.
Questions regarding the Filing may be addressed to
your Relationship Manager.
W3Research
Raleigh, N.C.