The Real DTCC Discussion

[jbsliverer]

We always hear the constant complaining against the DTCC and its actions against doing business with these cruddy low grade stocks. One either gets that the actions "don't mean anything" or "the actions are illegal" and "they have no right to not deal with high risk dubious stocks" and "they are wrong", "lets sue". Most if not all of which only turns out to be circus fodder for the ones who want to ignore the real issues about these stocks (or want others to) and what the DTCC actually does.


But there is so many of these stocks that are getting nothing but SEC and Fed actions against them along with other in house brokers and other entities that don't want to deal with them either.

But here is just another day of more SEC actions against more previously DTCC restricted stocks.

In the Matter of :
: ORDER MAKING FINDINGS
ADUDDELL INDUSTRIES, INC., : AND REVOKING
CALYPSO WIRELESS, INC., : REGISTRATIONS BY DEFAULT
CAPITAL MARKETS TECHNOLOGIES, INC., : AS TO FOUR RESPONDENTS
CHALLENGER POWERBOATS, INC., and :
CLX MEDICAL, INC.

SEC Administrative Proceedings
http://www.sec.gov/litigation/admin/2012/34-66707.pdf
http://www.sec.gov/litigation/admin.shtml

Also from DTCC
"NOTE: ALL SEC 12J SUSPENSIONS WILL BE REMOVED FROM CNS ELIGIBILITY."