SEC Investor Bulletin: DTC Chills and Freezes

The SEC's Office of Investor Education and Advocacy iissued an Investor Bulletin to help educate investors about the effects of chills and freezes on an investor's ability to hold and trade securities. A "chill" is a limitation of certain services available for a security on deposit at The Depository Trust Company("DTC"). A "freeze," formally referred to as a "global lock," is a complete restriction on all DTC services for a particular security on deposit at DTC.

View bulletin in full here (links externally to SEC website).