Replies to post #52487 on Tivus, Inc. (TIVU)

[thunderjh]

Response from Scottrade:

I understand you would like to know what is occurring with the security (TIVU).

Please note that Scottrade is not accepting any orders (buy or sell) for (TIVU).

This trading restriction is due to the "global lock" that has been placed on the security by the Depository Trust & Clearing Corporation (DTCC). DTCC, through its subsidiaries, acts as a centralized clearinghouse, providing clearing and settlement services for U.S. Securities firms.

The global lock simply means that DTCC has suspended their trade settlement services for the particular security; therefore, we cannot settle trades or transfer incoming or outgoing positions. We will not accept orders for (TIVU) until the DTCC global lock has been lifted. We have no way of estimating when that might occur.

As we have modified the symbol on our system with the addition of parenthesis to prevent orders from being submitted, price changes will not be reflected as the modified symbol is not recognized by our quote data system.