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vuduu

03/25/10 1:44 AM

#7774 RE: gappa2 #7771

from page 6:

http://www.dtcc.com/downloads/about/Introduction_to_DTCC.pdf

Who Regulates Us?

All services provided through the US clearing corporations and depository are registered with and regulated by the US Securities and Exchange Commission (SEC). The depository is also a member of the US Federal Reserve System and a limited-purpose trust company under New York State banking law. EuroCCP is regulated by the Financial Services Authority (FSA) in the U.K. DTCC has applied to have its OTC derivatives Trade Information Warehouse regulated as a limited purpose trust company,becoming a member of the Federal Reserve systemand also regulated by the New York State Banking Department.

with regard to the decision by the sec that is expected soon; don't hold your breath, the dtcc has many delay tactics. there likely won't be a KO in the early rounds of this fight!!!!

lotterystk

03/25/10 9:41 AM

#7777 RE: gappa2 #7771

Gap, what I understand is this. The SEC can tell the DTCC to lift the chill, but the DTCC can ignore it. What that scenario will set up is a great court case where the DTCC was harming a security without any merit. If they ignore the SEC, their defense in any legal action will be greatly diminished. The SEC will be against them in court. BUT, a court case means even more delay...and a good chance of failure of the company that would make everything mute.

The DTCC has done this before and lost in court many times. Trouble is...money wise...it might be more profitable to lose the occasional court case and still manipulate all these vulnerable stocks. If you think about what the DTCC has done, there is very little fear of any regulatory punishment. They only lose in court, occasionally, and they obviously had no care about truth or fairness. A chill is an opportunity for the brokers and MMs that own the DTCC. This is why IPWG is one fifth of a cent. If you believe John and company can be one of the ones that beat this corrupt system, then you will profit beyond your dreams. It is why I have said it is about what you believe. Not a lot of technicals to study at this point.