Exactly, Plus there is More to that statement that can NOT be made in written form(IMO).. ALL Brokers and their clients in CASH Transactions have 100% LEGAL on their side. those with Margin accounts would have to put up a little more fight, BUT The outcome will be the same. The reason for the extra fight would be for additioanl Legal forms that would OVERIDE some small print in broker transactions with the DTCC.. The Broders would then have to go after the DTCC, and it would be those people involed PERSONALLY with the clearance of each trade to be accounted for..
So,, Again,, I can NOT say nothing more, but Thats it in a nutshell.
Life's journey is not to arrive at the grave
safely in a well-preserved body,
but rather to skid in sideways,
totally worn-out, shouting,
'Holy shit! What a ride!'