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techno53

08/03/11 9:23 PM

#19794 RE: redpony #19787

That is an interesting finding. Perhaps that is why Mxxh has not gone forward with the RS which makes sense. Thanks for the info, redpony.
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integral

08/04/11 10:45 AM

#19797 RE: redpony #19787

Redpony, I think you are seriously misinformed by a clerk or someone who does not know what they are talking about.

After reading your post, I just called the TA to get a share count and nothing has changed since Catherine retired her shares.
Tthe woman said being DWAC or FAST eligible with DTC is different that being DTC eligible. She said NO un-reporting or delinquent filers are DWAC or FAST. This means they can not just electronically deposit shares using the FAST system into ones account. But evidently DTC clearing with Matrixx is just fine.

So your clerk at Zecco needs to know the difference between certain DTC capabilities and clearing services. Best thing to do is be careful of specific information, and realize the source. I wonder if the source was even Series 7 and 63 or just a admin. assistant straight out of high-school.