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mPhase Technologies, Inc. Message Board

  • stockyardbull4 stockyardbull4 Jun 28, 2013 10:18 AM Flag

    DTC chill

    If you put a buy order in on Amiritrade you receive the following message;
    "Order cannot be processed due to a DTC ( Depository Trust Company) chill restricting the ability to transfer a security and settle the trade."
    So how do folks buy this stock??
    From the SEC:
    Occasionally a problem may arise with a company or its securities on deposit at The Depository Trust Company (DTC). In some of those cases DTC may impose a “chill” or a “freeze” on all the company’s securities. A “chill” is a restriction placed by DTC on one or more of DTC’s services, such as limiting a DTC participant’s ability to make a deposit or withdrawal of the security at DTC. A chill may remain imposed on a security for just a few days or for an extended period of time depending upon the reasons for the chill and whether the issuer or transfer agent corrects the problem.

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