News Focus
News Focus
Followers 34
Posts 11762
Boards Moderated 0
Alias Born 12/02/2004

Re: cardinalstlouis post# 15761

Thursday, 09/24/2009 7:08:22 AM

Thursday, September 24, 2009 7:08:22 AM

Post# of 16316
Pokerplayer, Kevin Kohler lied to you.

The Global Lock ONLY APPLIES to whatever DTC directly controls, but does not in any way restrict other entities from clearing and settling trades out of the DTC's direct control.

All stock trades are recorded by the DTC, global lock or not.

The below was from Kevin Kohler:

"The global lock simply means that DTC has suspended all trade settlement services for the particular security. With no legitimate means of settling trades, Scottrade will not accept orders for ANVH until the suspension has been lifted."

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today