April 2006

DTCC uncovers 'illegal' Cuban stock certificates

Worth only the paper it’s printed on


Is the DTCC being paranoid? According to some of its members, it plainly is.

The US clearing and settlements corporation rang round its members in March in a panic with a list of securities that fall under the legislation that imposes sanctions on Cuba. These, the DTCC said, had been transacted through several of its...


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