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janice shell

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janice shell

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Re: Chrisl post# 296643

Saturday, 03/06/2010 3:19:39 PM

Saturday, March 06, 2010 3:19:39 PM

Post# of 359153
Brokers had a legal obligation to check the status of those securities to see if they have been registered.

No they didn't. And they wouldn't have been able to anyway. Had anyone asked the TA about the shares, she would have said that they were freed up for trading by opinion letters. The validity of opinion letters can only be ruled on by the courts.

Which is what eventually happened.
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