DD Support Board and Research Team

[Risicare]

I'm afraid that letter doesn't clear things up a whole lot for me. If anybody has a good take and understanding about this please share.

thanks

It is a self interest based letter which I am suprised did not bring up naked shorting, that faulkingtruth site is conspiracy crap mainly. Nobody I have seen other than penny stock paranoids/scammers have any concern with the DTCC.


At this point my best guess is that people that don't want their shares to show up in their "street name" transfer the certificates to this company to hold for them?

It is part of clearing. The DTCC holds many, many trillions of dollars in securities but penny stocks use them as a boogey man in the NSS crap and have even sued them LOL
Street name refers to being held by your broker in their name, that is the norm. In a margin account you may be the beneficial owner (you derive the benefits) but really the broker owns the shares. Having the DTCC makes it easy to tally up who has what as there is a central depository for securities so clearing and settlement is easy.