Replies to post #120801 on Bancorp International Group Inc (fka BCIT)

[Art2Gecko]

Regarding "Suing the DTCC" etc.. I'd be curious as to your take on the legal analysis that Merril Hirsh did for NIPC here:
http://investorprotectioncoalition.org/files/Report_2.pdf

their take is that the DTCC and SRO's are basically immune from civil suits and would seek federal preemption. (page 7)

An amazing statement there is that there is no "private right of action" for an SRO's failure to follow their own rules.