Monday, January 07, 2013 1:06:56 AM
The message from Etrade
As a result of a complaint filed by the U.S. Securities and Exchange Commission ("SEC"), the Depository Trust Company (DTC) has suspended settlement services, except custody services, for the following securities:
<List of Securities>
Due to DTC`s suspension of settlement services, E*TRADE Clearing LLC (ETC) has suspended trading in the securities identified above pending further guidance from DTC. Shares in the companies will continue to remain in your account. To view the SEC complaint that resulted in DTC`s suspension of settlement services outlined above please see http://www.sec.gov/litigation/litreleases/2012/lr22452.htm and http://www.sec.gov/litigation/complaints/2012/comp22452.pdf. Also if you would like to view the DTC notification suspending settlement please see http://www.dtcc.com/downloads/legal/imp_notices/2012/dtc/ope/1222-12.pdf.
We will communicate additional information as it becomes available.
As of today, the SEC has not directly filed anything against the company I've invested in; however, it is still suspended from trading.
Ken and crew definitely don't want this to happen to them.
My posts are solely my opinion unless presented with (or directed to) factual information. All investors are strongly encouraged by myself to do their own due diligence before making an investment decision.
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