Replies to post #745 on The Real DTCC Discussion

[BigBake1]

Not in this case, a lot of the NASDAQ securities do not apply to be DTCC eligible because they are on an exchange. Unlike OTC securities which are not on an exchange and some are not even quoted securities.

So when a NASDAQ security becomes a shell and is reduced to the OTC they simply have to file to get DTCC eligibility if their paperwork is in order.

OTC securities on the Non DTCC Eligible list that lost access to NSCC and DTC services have done so because of the issuance of unregistered shares onto the market.

So in this case you have an exchange listed security that does not need DTC eligibility to trade since they are listed on a major exchange as opposed to a dirty pinksheet company that has been caught abusing Rule 144 Reg D.