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justlovethegame

05/03/12 1:21 PM

#23791 RE: learning curve #23776

The transition from a convertible offering to free trading shares has become a point of liability for clearinghouses. When there is a DTC suspension you can no longer electronically transfer those shares into an individuals account. Dtc may be concerned about large deposits of shares into peoples accounts. The concerns stem from the ascent of convertibles to the chief financing racquet. For years it was Private Placements and consulting agreements. We all know MSLP occasionally writes a convertible. Not real coherent but I hope it helps.

As far as Wells Fargo...I don't know. But I asked my buddy who trades through is bank USAA and he said he can't trade via them.

What would be your theory/knowledge behind USAA and Wells Fargo if true...would they be the same reason?

What is your possible reasoning behind Wells Fargo if that is the case?

Sorry to bother....it just seems you have quite a bit more knowledge that isn't just speculative.

Appreciate your feedback always in advance.
Thanks