Are you kidding? DTC is the central repository and is mandatory for any broker to clear the securities through them. No exceptions if you are trading in USA. Usually DTC clears securities electronically and all happens in matter of seconds. They process nearly billions of shares every day. If DTC put a hold or lock effective from July 1st, consider it as trading suspension atleast for 15-20 days.. It will be followed by stock halt. Never know when, but may hit it before trading tuesday.. Some have been posting that they lifted the lock etc, which is generally speaking not true. The lock is effective July Ist, which means they will not lift atleast till July 15th. When FBI is involved this is pretty serious. Some of you will know the reality on Tuesday...
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