Replies to post #88990 on ProTek Capital Inc (PRPM)

[winnotlose]

Global lock is from trading stock period. Regardless billions of shares traded under global lock millions did today alone!

[winnotlose]

Read this bill, Brokers are not allowed to trade while globally locked!



"If counterparties nevertheless continue to trade in a security
which is globally locked and those trades are submitted to DTC for settlement, those trades will also
fail and be rejected in DTC’s system."

" A global lock on a security prevents the security from being transferred on the books of DTC and
otherwise restricts any DTC activity with respect to the security. For so long as the global lock is in
effect, Participants are unable to settle any further trades in that security, as their inventory is frozen
and settlement of pending trades will fail."



http://www.dtcc.com/~/media/Files/pdf/2014/4/4/0736-14.pdf



http://www.dtcc.com/~/media/Files/pdf/2011/8/5/0846-11.pdf

[2014shelby]

If it's locked no one should be able to trade. Else what's the point of it? Something is clearly sketchy here and clearly created and unfair advantage in the market. IMO