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Post# of 159752
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camper9

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camper9

Re: mretgnol post# 118770

Thursday, 06/25/2009 12:18:03 PM

Thursday, June 25, 2009 12:18:03 PM

Post# of 159752
Sorry, that makes no sense. To rely upon that means anyone can give certs to the DTCC, and the DTCC will subsequently put those certs into the system.

The DTCC has to do the diligence to assure the certs it accepts are valid. Without that diligence, as we have seen, anyone can put invalid certs into the system. So the question remains, why did the DTCC allow bad certs into the system?


      ¶ The answer as to who was supposed to recognize Pam's fraud was....the active Transfer Agent at the time Pam tried to take over.

the S.E.C. securities lawyers, if only through their investigative ineptitude and financial illiteracy, colluded to maintain large frauds. -- Harry Markopolos (Madoff whistleblower)

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