InvestorsHub Logo
Followers 131
Posts 29747
Boards Moderated 0
Alias Born 12/21/2008

Re: None

Friday, 05/27/2011 8:00:11 AM

Friday, May 27, 2011 8:00:11 AM

Post# of 105534
The largely unregulated DTC has become something of a defacto Czar presiding over the entire U.S. markets system, wielding more day-to-day influence and control than the SEC, the NASD and NASDAQ combined. And, as the SEC's June 4 ruling indicates, its monopoly over the electronic trading system appears even to be protected.

http://www.financialwire.net
SO the DTC is Unregulated but the can Sieze Trading on CBAI? HOW do they come out with this CRAP? "The court's decision and the forceful statements made by the SEC underscore what DTCC has been saying since this misguided litigation campaign began," said Thompson. "Short selling and naked short selling are trading strategies and are not connected to the post-trade clearance and settlement of securities transactions. There is nothing in DTCC's operating procedures, activities or conduct that justifies these frivolous suits." http://findarticles.com/p/articles/mi_m0EIN/is_2006_June_2/ai_n26883826/

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.