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  • KYLIANNE HARLEY

    DTC Eligibility Question & Answer – Going Public Attorney

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    Wed Aug 29 16:20:33 CEST 2018

    Q. What is The Depository Trust Company (DTC)? A. DTC is the only stock depository in the United States. Q. Why is DTC so important to public companies? A. When DTC provides services as the depository for an issuer’s securities, its securities can trade electronically. Without DTC eligibility, it is almost impossible for an issuer to establish an active market in its stock. Q. How do public companies obtain DTC eligibility? A. Issuers must satisfy specific criteria to receive ini...


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