lot of worry about DTC / DTCC status. almost all pinksheet .pk are in this.
zecco is sticky one. seems to be only one doing this to shareholders;
penson clearance?
i see back a few clearing houses got rid of inactive companies
or went out of business.
ya got much on this? anyone?
For various reasons, certain securities cannot be made DTCC-eligible or have had their eligibility revoked, usually due to operating or financial issues with the underlying company. As a result, the clearing of these positions can carry significant pass-through charges to settle the trade.
Trades in these securities may carry with them some or all of the following pass-through charges: Execution Fee-$7.50, DTC Fee-$80.00, Deposit Fee-$75.00, and a New York Window Fee of $34.00. Additional pass-through fees from Transfer Agents ranging from $25.00 to $500.00 can also be associated with these securities.
Caspermick
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