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Re: janice shell post# 27216

Friday, 08/28/2015 3:16:49 PM

Friday, August 28, 2015 3:16:49 PM

Post# of 54917
FINRA also stated that the funding was complete and the funds had been transferred to the DTCC and several brokers also stated that the DTCC had received the funding and was merely waiting for all the due bills to catch up. To be honest, I don't think anyone knew exactly what was going on, including CRGP, FINRA, DTCC, Nobilis, COR, or the brokers. This was such an unusual situation and confluence of events that nobody had encountered it before or knew how to deal with it. If anything it did reveal a gap in the process that allowed it to occur.