InvestorsHub Logo
icon url

fnord

11/22/05 1:03 PM

#194054 RE: IndyDude #194053

Indy-NSCC/CEDE don't allow or disallow anything in equities trades. They clear trades and hold records of street name shareholders. They are not responsible for fails, nor do they have the ability to force a fail to cure except upon request of the contra to the seller. In the case of a revoked stock, they have no jurisdiction whatsoever.