Yes they are but Penson charges the fees and claims a stock is non DTC when infact they are and wouldn't cost someone that must to trade a few months back I was told by Zecco that PHAR was a non DTC stock and that I could not trade it cost me a bunch because I couldn't sell it when I wanted to..... I emailed the company Phar and they found it was infact a problem with PENSON not allowing it even though they were DTC eligible