From: Geoffrey F. Walsh [vi@gte.net]
Sent: Friday, March 07, 2003 12:42 AM
To: rule-comments@sec.gov
Subject: SR-DTC-2003-03

On legal grounds, how can the DTCC allow AT & T go to all electronic 
settlement (no certs) and not let others go "Custody Only"?  It has 
to cut both ways under the law.