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Re: luvtradin1 post# 1712

Thursday, 04/12/2007 1:32:31 PM

Thursday, April 12, 2007 1:32:31 PM

Post# of 2470
The current TA thought the old CUSIP was the new one right? IMO that alone shows the screw up was on the TA's end IF the company had tasked them to cancel all stock. It's not the DTCC's responsibility to apply and pay the fees for a new CUSIP.

Why did Fearnow file paperwork w/ the DTCC? Seems like he should have contacted NASD who in turn notifies the system. The TA should coordinate to have all certs returned for cancellation.

IMO ultimately blame lies w/ the company. It's their responsibility to oversee the process is completed correctly. Sadly, Fearnow and gang do this for a living.

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"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
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