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frogdreaming

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frogdreaming

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Sunday, 02/13/2011 10:51:09 PM

Sunday, February 13, 2011 10:51:09 PM

Post# of 118239
Why are people surprised that brokers can't transfer shares to other brokers?

All the shares the brokers hold for their clients came to them via the DTCC. All the shares that are transfered from one broker to the next either have to have the certs hand carried from broker to broker, OR THEY HAVE TO CLEAR THROUGH THE DTCC.

If the DTCC has specifically stopped clearing RCCH shares, why is it a mystery that the brokers won't transfer the shares?

DOH!
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