Worthless Securities DTCC Non-Transferable list

[lowman]

Penson and the DTCC are two entirely different entities and I highly doubt the DTCC is going to institute changes merely for Penson's sake. It's the DTCC's changes that have forced Penson to levy these new fees.

While I have no love whatsoever for Penson, they're not to blame for non-DTCC eligibility. That blame falls squarely in the lap of every publicly traded company guilty of stock fraud or unregistered shares (if there is even a difference).

You watch, the DTCC won't be the only one charging outrageous fees to clear questionable stocks. Come a day, no one will want to touch them. Not E trade, not Scottrade, not Fidelity. Not unless of course, you wanna pay $200-$700 p/trade.