Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors., Inc. (BSPR) Granted DTC Eligibility Status, Inc., a publicly held internet search and technology company, recently announced that the company has been granted eligibility status by the Depository Trust Company (DTC), a member of the U.S. Federal Reserve System and a registered clearing agency with the Securities and Exchange Commission (SEC).
Established to provide a safe and efficient way for buyers and sellers of securities to execute and settle transactions, DTC allows the centralized custody of securities so that they exist only as electronic files rather than as physical certificates. This process provides banks, brokerage firms and other institutions with an efficient means of moving securities and settling trades electronically.

“Securities that do not achieve DTC eligibility are often not accepted for trading at many institutions or simply restricted from being traded on a daily basis due to the amount of paperwork or manpower required to place and executes trades. Becoming DTC eligible resolves these issues and is a critical step in increasing our exposure and attracting new investors to our company”, stated President, Adrian Fuller.

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