Your comment is interesting in that I tried to start a position this morning via TA Ameritrade. I operate four portfolios, three of which qualify handily for their "Apex" ranking, and then some. These are high dollar accounts that got there partly through penny stocks.
I was unable to get the trades executed due to the chill imposed on this stock---the chill being denied in your post. I protested, saying I'll pick up the tab on added charges and if there are penalties, I'm prepared to make good. I was told essentially I'm up against house rules. I take that to mean no phone rep is willing to put her job on the line for acquiescing to the demands of a wealthy a$$hole who may be demented. lol
Well, I may be all of that---just ask my wife. But I sure wish I were free to do as I like with my money---no strings attached by a brokerage or anybody else.
The brokerages are the ones who are members, not the company issuing stock. Charges incurred by such disallowed transactions would be extremely high, often exceeding the value of the trade itself. This sounds like open-ended risk orientation designed to control---but necessarily maim or destroy: a safety mechanism.
You wrote:
There are also no dtc charges. MYEC is not a dtcc member, which is way different than a chill. You can't have a chill if you are not a member. And regarding fees for trading, I use etrade and it's only ever 10 bucks to buy or sell period
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Everything stated herein is based on my opinions only, save for the copy and paste included above. I'm not happy that I'm told I cannot purchase something for sale in an open market. I have the funds available!
AI
