betolluvioso, Ah Ha, Key words , "if the DTCC is doing something illegal",
So evidently they are not,the DTCC is doing what they do, clear stock for trades, we have a load of counterfeited shares in our system, therefore, they will not clear those trades, which is the DTCC's given right to do.
The DTCC is asking Megas to cover those counterfeited shares and any shorts those shares may have generated.
A reasonable request IMO and I don't think SEC would object, to DTCC's freeze until bogus shares are removed, as is evident, they haven't.