What is the “Depository Trust Company”?
The Depository Trust Company (DTC) is one of the largest securities depositories in the world. The DTC was founded in New York City in 1973. It is organized as a limited purpose trust company that provides safekeeping of securities balances. The DTC also acts as a clearing house to settle and process trades in municipal and corporate securities.
Assistance with DTC Eligibility
DTC eligibility is a significant issue facing OTC issuers. Because of the size of the Depository Trust Company, having DTC eligibility means your securities can be deposited through the DTC. Many OTC issuers have faced a “DTC chill,” meaning that their stock does not clear or trade electronically. Having a DTC chill on your stock essentially means that your stock cannot be traded. At PEARSON BUTLER Law, we have attorneys experienced in helping clients become DTC eligible and get back in compliance with DTC eligibility requirements in the event of a DTC chill.
Other Securities Law Services Available
At PEARSON BUTLER Law, our securities lawyers assist clients them in the following areas:
- Blue Sky Compliance
- Business Transactions and Contracts
- Corporate Governance
- DTC Eligibility
- Mergers & Acquisitions
- Over-the-Counter Markets Compliance
- Private Placement
- Public Offerings
- Reverse Mergers
- Rule 144 Opinion Letters
- SEC Reporting and Compliance
Contact a Securities Attorney
For more information on DTC eligibility, contact a securities attorney at PEARSON BUTLER Law who can help with DTC eligibility, securities arbitration, securities transactions, or recovery of investment losses by calling 801.495.4104.