Calissio Resources Group Inc (CRGP)

[shajandr]

Nope. If your shares are held in street name, the dividend payment is made from the TA to the BROKERAGE. The brokerage then would transfer it to the individual stockholder. They function in this role like a trustee or executor.

The dividend may have been illegally paid to E*Trade, which is why they are prudently retaining that dividend and only putting a credit to your account with a freeze.

They are the intermediary and wisely will nott take an action to disburse those questionable dividends until a court rules on the legality of them.

Shirley you can see that they would nott want to be liable for reliance damages by transferring an illegal dividend that they have notice of a pending court case questioning the legality of the dividend.

Nor would they want to be liable to pay the dividend back to the TA after having transferred it to the account holder.

If they paid it ~OUTT, they would expose themselves to both liabilities.

The TA didn't pay you the divy, they paid it to E*Trade, who holds the shares in their street name trading account.