InvestorsHub Logo
Followers 617
Posts 93463
Boards Moderated 8
Alias Born 11/01/2006

Re: pennystock_es post# 4082

Sunday, 07/15/2018 9:59:15 PM

Sunday, July 15, 2018 9:59:15 PM

Post# of 4276
This is a reply I got to my inquiry from someone very knowledgeable about the DTCC.

Yeah, just a couple of boards here and there. So apparently last year the SEC and DTCC could not come to turns with the proper procedures for issuing Chills and Global Locks. If you remember in 2012 when the DTCC published their white paper for the process, the SEC requested comments on new rules for such DTCC Chill and Global Locks. Well I guess after all of these years the DTCC just finally gave up with getting an approved process that met the SECs requirements.

So starting last year a lot of these global locks were re-instated, I have no idea what the parameters are, tickers like BEHL for example, which is also on the greys were allowed to trade again. Albeit it is very insignificant volume and still illiquid.

My only guess is that they allow them to go completely illiquid and then delete them for inactivity at this point.



You can lead a horse to water. But you can't make him get down on one knee and do an Al Jolson impression!