Ad Systems Communications Inc (fka ADSYQ)

[StrengthenNumbers]

Look Out ADSY Traders...




They are on the non-DTC eligible list.

Received an email from Zecco, text below. Watch out for undisclosed fees on certain sub-dollar equities. The link below is non-DTC eligible equities which may be subject to the fees noted in the email.

https://www.zecco.com/forms/known-non-dtc-eligible-list/downloadform.aspx?utm_campaign=20110819%20PennyA&utm_medium=email&utm_source=Eloqua&elq=680ebdfe7fd14ea78121506156803a53&elqCampaignId=91


"The Depository Trust & Clearing Corporation (DTC) provides electronic clearing and settlement for equities, bonds and other securities. The vast majority of equities traded by Zecco Trading customers are DTC-eligible. However, certain low priced equities are not DTC-eligible or have had their eligibility revoked. The DTC eligibility of any given equity can change over time.

Settlement of non-DTC-eligible requires physical processing, which can result in significant execution, deposit, transfer agent and other fees. The fees generated by the settlement of these physical positions are passed through by our clearing firm, Penson Financial, directly to our customers - neither Zecco Trading nor Penson mark up these fees.

Customers who trade non-DTC-eligible securities are responsible for these fees, which can be as high as $700.00 per trade. Orders that require executions with multiple contra-parties will result in settlement fees for each separate transaction. These charges may not be immediately charged to your account following a trade, as Penson may receive notice of such fees as much as three weeks later. Zecco Trading reserves the right to withhold funds in a customer’s account pending potential assessment of fees.

It is your responsibility to investigate the eligibility status of a low-priced equity before trading it. You may consult the Known Non-DTC Eligible List in our Disclosures Page or contact the specific company whose equity in which you intend to trade to confirm eligibility. Please note that there is no guarantee that the Known Non-DTC Eligible List will contain a complete and updated list of non-DTC-eligible stocks."