Investopedia explains 'Chill' Owned by many financial companies including the New York Stock Exchange (NYSE), the DTC acts as a clearinghouse for stock exchange securities, settling trades in corporate and municipal securities. If the DTC has cause to be concerned about a specific security currently processed through its system, it may place a "chill" status on the security. This will restrict brokerages' ability to transfer the shares or units of the security through DTC until the security's issues are cleared up or it ceases trading on the market.
The last line is very interesting. Never really looked at the chill process before.
Thanks to all who replied to my question. It helps to get info. from the board. As I said before we have a very informative board here. It seems TDA is the same one that said Chill was on mjn$ which in reality IT WAS NOT!!! I still have not seen a LIST that HAS PVSP confirmed as been placed on chill??? I have read where it was even a way to protect peep from pump and dump schemes, or when high number of shares being traded without news etc. I myself figure as long as there are BROKERS that allow BUYING without paying high fees WE will MOVE ON UP. People are very informed as which brokers will allow buying.(FIDELITY) I just feel the BROKERS that just allow selling may have their own well fare concerns!! Know what I mean. Our day is getting closer with every tick of the clock and time is on our side at this point in the game. So many positive things in our favor now. Will be fun to see if we get PRE MARKET buys next week. Lot of FUN things coming. AIMO GLTAL
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