I don't think anything. This is the structure of the DTCC and their requirement for members to participate that use the service and in their proportion on said use: https://www.dtcc.com/about BTW, a current common share is $59,327.12 each.
Certain Participants, which are referred to as “Mandatory Purchaser Participants”, are required to purchase and own Common Shares in amounts proportionate to their respective use of the services of the Clearing Agencies. Accordingly, any such Participant will be (1) required to purchase Common Shares to the extent, if any, that a share deficiency exists (i.e., the amount of Common Shares such Participant currently owns is less than the amount such Participant is required to own) and (2) required to sell Common Shares to the extent, if any, that a share excess exists (i.e., the amount of Common Shares such Participant currently owns is greater than the amount such Participant is required to own). Other Participants, which are referred to as “Voluntary Purchaser Participants”, are permitted but not required to purchase and own Common Shares in amounts proportionate to their respective use of the services of the Clearing Agencies. Accordingly, any such Participant will be (1) permitted but not required to purchase Common Shares to the extent, if any, that a share deficiency exists (i.e., the amount of Common Shares such Participant currently owns is less than the amount such Participant is permitted to own) and (2) required to sell Common Shares to the extent, if any, that a share excess exists (i.e., the amount of Common Shares such Participant currently owns is greater than the amount such Participant is permitted to own). Some Participants are not offered Common Shares at all and are therefore not entitled to purchase any Common Shares. Under the Shareholders Agreement, the Mandatory Purchaser Participants are those Participants that utilize the core services of the Clearing Agencies, including the depository and book-entry transfer services of DTC and the guaranteed services of NSCC and FICC. As a result, the Mandatory Purchaser Participants consist of: (1) a “Participant” other than a “Limited Participant” of DTC (as defined in the DTC Rules); (2) a “Member” of NSCC (as defined in the NSCC Rules); (3) a “Member” other than a “Comparison-Only Member” or “Sponsored Member” of the GS Division (as defined in the GS Division Rules) or (4) a “Member” other than a “Cash Settling Bank Member” of the MBS Division (as defined in the MBS Division Rules). A Mandatory Purchaser Participant must also be a Qualified Person as defined in the Shareholders Agreement. Under the Shareholders Agreement, the Voluntary Purchaser Participants are those Participants other than a Mandatory Purchaser Participant, as more specifically set forth in the DTC Rules, NSCC Rules, GS Division Rules and MBS Division Rules. A Voluntary Purchaser Participant must also be a Qualified Person as defined in the Shareholders Agreement.
It was suggested earlier and a VERY GOOD SUGGESTION to print out your FEBRUARY 2022 statement that shows your OLD LEGACY HOLDINGS. Your local Schwab can do it for ya in about 5 minutes as I just had mine done on all 5 of my accounts. For some reason I was not able to do it here at home, it wouldn't let me. So I ran to the office and literally in 5 mins I had em all in a neat little folder.. Then I wrote in BIG BLACK MAGIC MARKER
"" KEEP IN CASE VALIDATION IS REQUIRED AS TO PROOF OF OWNERSHIP IN WAMU shares prior to my legacy shares being removed as worthless"""
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