Replies to post #15760 on Anviron Holding Company (fka ANVH)

[noquit]

Thank you for that.

What you were sent is an admission someone in Scottrade screwed up and now they seem to be doing damage control.

At no time does DTC or their parent company the DTCC ever hold anyones stock from being transferred, or in this case, since there was no SEC or Court Ordered trading halt in place, being sold on the open market.

A DTC Global Lock as I have written many times, is not a freeze but a chill and in no way gives anyone the right to do what you have written (and I do believe this to be genuine).

Scottrade and no other brokerages can set themselves up higher than the SEC and the US Government to seize anyones holdings for themselves, for any reason short of something being done illegally by a client and even then by a legal order.

Don't delete that email.

[noquit]

Pokerplayer, I just found this about Andrew Carie from Scottrade. This may also apply to ANVH stock:

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09-03-2009, 10:09 AM
mjd77
Junior Member Join Date: Jun 2009
Posts: 27

ST re CXAC

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Quote:
Originally Posted by bizzytop
Scottrade requires a call in for CXAC, I tried to put a buy and it would not let me, My etrade allows it and of course my zecco also allows it. I am done with scottrade I am closing that account as soon as my funds clear, so I can get my money out.

This is the reply from Scottrade regarding CXAC:


Reply Date: 8/31/2009 9:20:09 PM
Subject: Re: Other <<#232342-959671#>>

Dear Client:



Thank you for your e-mail.


CXAC is not available for purchase through Scottrade; however, if you own the stock, you may sell it through your account. CXAC is an illiquid stock that incurs additional NSCC (National Securities Clearing Corp) clearing requirements.



NSCC requires participants to put up capital for security positions based upon the price of those securities. As an example, Scottrade holds a position of 38,000,000 shares of a stock that trades at .002. We are required to put up over $1,000,000 even though the market value of that position is only $76,000.


Please let us know if we may be of further assistance.



Sincerely,

Andrew Carlie

National Service Center

Scottrade Inc.