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Saturday, July 14, 2012 3:03:06 PM
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From: Message Center Client Services|Date: 11/17/11 11:29 AMMessage available until 11/16/13.
xxxxxxx,
I understand your concern regarding OPMG. At this time the stock is restricted due to DTC chill. When an issue is designated as DTC chill at DTCC it is not eligible for physical deposit or delivery through the DTC. This restriction prohibits a clearing firm¿s ability to settle trades once their book entry holdings are depleted. For more information on DTC chill, I have provided a third-party link below:
http://www.investopedia.com/terms/c/chill.asp#axzz1WpVdvR2C *
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 is unable to settle our clients¿ trades the liability of the trade becomes TD Ameritrade¿s. Because of this no open orders can be placed. 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.
I hope this information helps. If there is anything else we can do for you, please reply to this e-mail. Your business is appreciated and we want to make sure we address all of your questions and concerns.
Sincerely,
Mandy Hoeschen
Client Services, TD Ameritrade
Division of TD Ameritrade, Inc.
*TD Ameritrade is not responsible for the claims or representations made by the above Web site. We cannot guarantee the quality or suitability of any content found there. TD Ameritrade does not endorse or recommend the products or services of any company mentioned on this site.
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