Zecco is a SCAM

[ChartDad101]

Anyone else get this message from Zecco? Worthless Security

Please be advised that a worthless/non-transferable security has been identified in your account.

The Depository Trust and Clearing Corporation (“DTCC”) deems a security worthless and non-transferrable when a security does not have a transfer agent or Company contact for a period of six years or more. DTCC will charge all Zecco Trading customers for holding worthless and non-transferable securities monthly.

Each month, DTCC furnishes a list of all security ids (CUSIPs) that are worthless and non-transferrable. The report is compared to trading activity for each CUSIP. In some cases, a security may be trading, but is still deemed worthless by DTCC. The accounts that hold a CUSIP deemed worthless or non-transferable will be charged a fee of $7.50 per CUSIP per month unless Zecco Trading receives a written request to sell this position to worthless. You will need to send that request directly to Zecco Trading for receipt by the 22nd to avoid that month’s charge. All accounts that hold a CUSIP deemed worthless or non-transferable will be charged $7.50 per CUSIP per month at the end of each month. To request a worthless security to be removed from your Zecco Trading account:

1. Print and fill out a Request for Dispositions of a Nontransferable Security form
2. Send it to Zecco Trading:
Fax to 818.230.6400-or-
Email to [e-mail]* -or-
Mail to: Zecco Trading, PO Box 10010, Glendale, Ca 91209, USA

Request for Dispositions of a Nontransferable Security form

If DTCC receives information that a new transfer agent is assigned to the security, they will re-instate the position and we will do the same for the account.

Sincerely,

Margin Department
Zecco Trading, Inc.















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