mainuh posted this on RB about it.
By: mainuh
05 Feb 2007, 08:59 PM EST
Msg. 34907 of 34923
(This msg. is a reply to 34904 by texan09.)
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texan09,
As I recall, Schwab doesn't hold custody of the certs of OTC/OTCBB stocks, so the DTC does. Schwab is saying basically the company is handling the cert recall, and the DTC will be handling custody issues with BCIT cert holders. It doesn't affect us with electronic shares.
That's my take on it, fwiw~
Mainuh
/////sounds right to me, anybody?