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CarltonH

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CarltonH

Re: Pennimon post# 139954

Tuesday, 10/18/2011 2:21:02 AM

Tuesday, October 18, 2011 2:21:02 AM

Post# of 159753
They sold to you despite the lock so did so without DTCC involvement.

AS they did not have DTCC involvement they did not have access to the share certificates the DTCC hold to cover the trades so are obliged to hold actual physical certificates of their own to cover the trade.
If they don't have those they have sold what they don't own.

Naughty naughty.
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