So if I have been understnding your messages correctly, you hold the viewpoint that the DTCC has nothing to do with the actual certificates, and that the DTCC is not concerned about the certs that are in the system.
Is that a correct understanding?
the S.E.C. securities lawyers, if only through their investigative ineptitude and financial illiteracy, colluded to maintain large frauds. -- Harry Markopolos (Madoff whistleblower)