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Replies to post #60599 on Pilgrim Petroleum Corp. (PGPM)
Icy_CT
07/17/17 9:11 AM
#60601 RE: tdbowieknife #60599
420investor209
07/17/17 9:13 AM
#60604 RE: tdbowieknife #60599
alabama96
07/17/17 9:14 AM
#60606 RE: tdbowieknife #60599
07/17/17 9:22 AM
#60612 RE: tdbowieknife #60599
Thank you for your message regarding your restricted security status. U.S. National Telecom, Inc. (USNL) had its trading suspension lifted by the SEC yesterday, July 10. However, the Depository Trust Company (DTC) has suspended settlement on USNL trades because they cannot guarantee delivery of shares being purchased or sold. As a result, USNL will remain restricted until the DTC removes the settlement restriction. Unfortunately, we do not know if or when that will happen. You may be able to find additional information about the SEC litigation on the SEC website (https://www.sec.gov). If you have additional questions, feel free to call or live chat with us. You can contact our Customer Service team at 1-800-387-2331 (+1 678-624-6210). Our representatives are available 24 hours a day, seven days a week. You can also speak with us via live chat at the following link:
07/17/17 9:25 AM
#60614 RE: tdbowieknife #60599
Deposit Chills and Global Locks will now be imposed if there are imminent consequences either to the DTC or its participants. If FINRA or the SEC suspends trading for a security, the DTC will automatically impose a Global Lock. In addition, the DTC will automatically impose a Global Lock if ordered to do so by a court of law. The combination of suspended trading and global locks could stop bad actors from still obtaining the proceeds of fraudulent activity after the trade has been suspended. However, if the DTC determines that there is not reasonable cause for a suspension in trade by either the SEC or FINRA they will not impose a Global Lock. Because restrictions will now only be imposed if there is an imminent threat, the DTC does not anticipate imposing restrictions regularly. Although it is not possible to determine every situation that may arise, restrictions will be imposed less frequently. Release of Deposit Chills and Global Locks Pursuant to the new regulations, if the DTC determines they have made a clerical mistake in imposing a restriction, it will be immediately removed. In addition, if FINRA or the SEC lifts their trading restrictions, the Global Lock will also be lifted.
janice shell
07/17/17 2:34 PM
#60831 RE: tdbowieknife #60599