Vivid Learning Systems Inc. (fka VVDL)

[TEX]

As posted elsewhere:

This is from a NASD notice to brokers, which to my knowledge has never been superceded:

http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p003997.pdf

This is from the sections on divvies < 25%:

Thus, in this example, Tuesday is the day on or after which a buyer would purchase the security without the dividend and the seller of the security would keep the dividend. If the sale occurred on Monday, a day earlier, the seller would not keep the dividend.

This is from the following section on divvies > 25%:

In this example, a seller of the security on August 15, even though the holder of record to receive the dividend, would have to relinquish the dividend to the buyer.

It doesn't matter to us "how" NASDAQ determines the ex-date (two days before, etc); all we can go by is that they *do* determine the ex-date and cause it to be published on the daily list.

And, clearly, as emphasized in the notice to brokers, the ex-date prevails.

It's not the stick-their-noses-into-our-business DTCC that prevails--their job is to manage delivery, NOT interpret filings.

You might try this, too, as an alternative to filing a complaint against the broker:

http://www.finra.org/web/idcplg?IdcService=GET_PROBLEM_PAGE&siteId=www.finra.org&siteRelativeUrl=/AboutFINRA/CorporateInformation/OfficeoftheOmbudsman/index.htm