Thursday, August 03, 2006 4:52:03 AM
from my own personal readings,
the SEC seems to be saying:
"if a stock is not halted, there should be no restrictions
on buying and selling." (example: buying or selling online)
from reading posts here, the brokers such as Ameritrade seem to be saying:
"we restricted online buying because the stock is too volatile so we have placed it on our suspicious trading list."
if this assessment is correct, it seems the SEC should get in touch with Ameritrade to make sure they are on the same page regarding this stock or any stock. likewise,
if rules have been broken, i would imagine there are already penalties in place regarding the breaking of such rules.
as an interesting side-note, taken from dictionary.com,
definition #4 of volatile is this:
4. Flying or capable of flying; volant.
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