A MM isn't allowed to charge to file a 15c2-11.
And Pillsworth lied when he stated the DTCC was charging $20,000.
"Coin Citadel (CCTL)
@CoinCitadelCCTL
·
Jul 26, 2023
Investor Update
Form 211 was submitted in February to one market maker. Whilst the MM cannot charge to review Form211...the caveat is, they then just sent a $20,000 bill for DTCC advisory fee for review. So nothing is free.
Exploring other options without said hidden fees."
Pillsworth is claiming he filed the 15c2-11 in February 2023 and there isn't any hidden fees.
IG