Self regulating is cool in my book to keep big brother out of the mix as much as allowable, but it does give us Plane crashes and oil well blow outs that have catastrophic events. Who wants some beauracrate with his nose in the running of your buisness? Come to my little town and see the wait you get just to get the city to sign off on electrical work. Hold up Mexicans days and weeks to do dry wall.
But damn the DTCC is one in which I'd be happy to see. The SEC is to see oversight and report to congress. Thats how big this goes and why many of us have sent letters to our elected represtentatives. You know where that goes. Such a small voice. A few from a pink sheet stock? LOL
Like Ralphy shooting his eye out with his red rider bb guy. We all have been warned playing these.
I agree, I'd definitly want to be in any class action. I two have contacted 3 attorneys and with no money to fuel the fight, good luck.
I also thought a young hungry Attorney wanting to make a name for himself would be all over this Pro Bono. The Main on I contacted that does this sort of stuff, never heard back. I would name them here but don't want to get thrown in I-Hub jail for the next month.
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Now if I had the second mortgage tied up in this criminal act, I would!
You'd think you could sue in small claims court. After all it our personal property.
I have thought if Roth allowed us to hold our personal paper certificates, that would be an easy fix and probably an 'in your face DTCC' That would definitly sir up some legal actions. Whats Scottrade gonna say when they tell me the shares I bough on that faithful day, they can't deliver? Hell give me my money back then. If they won't give me my money back, then give me my paper shares. Simple and effective. All that needs to be done is..Roth allows the T/A to send out the individual certificates. Yall wonder why in the beginning of all this our T'A raised it fess for sending out paper certificates? Even if SFIO dies on the vine, I want my paper shares. Right there will open a can of whoop ass. And this is not a 'JMHO' statement its what I will stand on as fact. Roth has the power. This is where we should be placing our efforts. Hell, I'd pay $200 to hold my SFIO shares in hand.