What is DTC?
What does DTC Do?
DTC Provides Asset Servicing for Securities
DTC Facilitates Post Settlement of Securities
What are DTC Participants?
What is DTCC?
Who Has Access to the DTC System?
The process of obtaining DTC eligibility is usually a mystery to OTC Market’s Pink Sheet Issuers.
However, for securities lawyers who regularly represent over-the-counter public companies in DTC eligibility legal matters, the reality is that the process is straightforward when an OTC Markets securities lawyer can document the company’s history.
We Can Help Document Reasons for DTC and DWAC Eligibility
As securities lawyers working with OTC Bulletin Board or OTC Markets Pink Sheets, we know the criteria for DTC eligibility and DWAC eligibility. With an OTC securities lawyer’s help, OTCMarkets public companies can document how they meets DTC’s requirements for eligibility.
OTC Securities Lawyers Can Confirm A DTC Chill
Sometimes OTC Issuers do not receive a letter from DTC, but still believe there is a chill on their stock. When Pink Sheet or OTC public company learns from a market maker or broker that their securities might have a DTC chill, there are some steps the Issuer can take to confirm their DTC eligibility status:
1. An experienced OTC Markets securities attorney like Matt Stout contact DTC with the correct CUSIP to ask if there is a chill. Many times, even when a market maker believes a Pink Sheet issuer to “have a DTC chill” they are working off of outdated information, even though DTC provides regular lists of securities which are DTC chilled.
2. If there is a confirmed DTC chill, and it is not related to some specific bad actor, like an officer, director or promoter, who is currently connected to the company the next step is for the Issuer’s OTC Markets securities lawyer to contact DTC to start a dialogue.
We Help Public Companies Document Their History for DTC Eligibility
OTC public companies seeking more information or guidance in the DTC eligibility process, or a DTC legal opinion, can contact Matt Stout, OTCMarkets securities attorney, at (410) 429-7076 or email@example.com