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Friday, March 16, 2012 10:01:29 AM
Yes, I show there is still a DTC Chill placed on the stock NEOM. When an issue is designated as DTC Chill at DTCC it is not eligible for physical deposit or delivery through the DTC, the entity that facilitates transfers and delivery of most stock trades. Unfortunately we are not able to buy any shares of NEOM at this time.
This restrictions prohibits a clearing firm¿s ability to settle trades once their book entry holdings are depleted. Based on the industry wide DTC "Chill" restriction that prohibits a clearing firms', specifically TD Ameritrade¿s, ability to settle trades and prevents book entry deliveries. If we are unable to settle our clients¿ trades, the liability of the trade becomes TD Ameritrade¿s.
At this time, there is not a set timeline for if/when the restriction will be removed. However, once the industry wide "DTC Chill" restriction is lifted TD Ameritrade will re-evaluate whether the issue will be allowed to be traded again. At this point, the only recourse you have is to contact the investor relations department of the issuer.
Thank you,
Matthew Partusch
Apex Client Services, TD Ameritrade
Division of TD Ameritrade, Inc.
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