I strongly suggest you all take action on this. Jim Sinclair has been pounding the table on this for a while too:

It is getting more risky every month to hold any large portion of one's portfolio in shares. All shares purchased in the U.S., even Canadian shares purchased through any U.S. broker, are actually owned by the DTCC, Depository Trust Clearing Corporation.

The DTCC is a private corporation knee deep involved with derivatives and naked shorting. Several law suits are on-going because the DTCC has failed to deliver stocks and has allowed other private corporations to borrow shares for the sole purpose of naked shorting. The DTCC has turned a blind eye to all naked shorting.

The only way any U.S. stock has full protection is, if it is in your name and your possession. It is now too late to transfer most shares to your own name because the DTCC is in the process to totally closing the direct transfer window to all investors. The DTCC wants full control of all shares possible.

Even though we all know that quality metal shares will outperform the entire market, the risk is growing that the DTCC could hault all trading at any given time, will continue to default on more trades, will loan out more shares for naked shorting, and possibly create new policies that would negatively affect all investors. One recent, serious, change, is the new rule created that allows all money market funds to be used in covering losing derivative positions if necessary. Will the shares be next ? They have complete authority to change the rules at anytime. While the financial system continues to implode in secret, there may soon come the time when holding all shares not in your direct name and possession, is too risky. I fear that time is approaching rapidly.

The DTCC has subsidiaries that are directly involved with huge amounts of derivatives. This private corporation should definately be included in the banking cartel.If you have already transferred your shares in your name and possession, you are safe to ride the metal bull to great profits. If you have not,
bullion will be your safest investment.

How much time is left to risk unprotected shares ? That answer is unknown but, the risk continues to grow.
Another question in conjunction is, how close are we to all one ounce gold coins drying up ? The bullion market world wide is getting tighter. It may be wise to hold 100% bullion for those who have not protected their shares. Read up on the DTCC and all the subsidiaries it owns.

http://en.wikipedia.org/wiki/Depository_Trust_&_Clearing_Corporation