H-D International Holdings Group (HDIH)

[Stock Farmer]

For Scottrade users who want to buy TRKG:

First off I own shares and want to buy more.

It appears Scottrade won't let you. I bought TRKG shares with another firm a couple weeks ago. I have bought OTC yield sign stocks with Scottrade before.


Here is my chat with a Scottrade Agent today. I did not screen shot it since, I wanted to edit out my name from the Chat.

5:41:38 PM : ScottradeScottrade: Jason R. has joined this session!

5:41:38 PM : ScottradeScottrade: Connected with Jason R.. Your Reference Number for this chat is 848895.

5:41:38 PM : ScottradeScottrade: Welcome to Scottrade! I am here to answer your questions about our products and services. How can I help you today?

5:42:13 PM : AgentJason R.: Hello, [Customer]!

5:42:26 PM : Customer: Hello, I tried to buy OTC stocks today and they would not go through. Does Scottrade let you buy greys??

5:42:51 PM : Customer: I have bought other OTC stocks that had a yield sign with no problems.

5:42:59 PM : AgentJason R.: Yes. When did you make your deposit into the account?

5:43:22 PM : Customer: Today, but it was a wire transfer and showed no restrictions on the funds.

5:44:17 PM : AgentJason R.: What stock were you attempting to purchase?

5:44:45 PM : Customer: TRKG. I tried buying on the ask price and the exact amount but other trades happened below my bid price multiple times.

5:45:22 PM : Customer: I never had that problem before. It never bought today. I did limit buys and did not do the all or none.

5:45:52 PM : Customer: Trades executed well below my bid price many times.

5:45:59 PM : AgentJason R.: That particular stock is not available on our platform

5:46:22 PM : Customer: Why is that? Is it because it is a grey?

5:47:14 PM : AgentJason R.: No, the exchange does not limit the purchase. We have other oversight that has restricted its purchase.

5:47:47 PM : Customer: Oversight, like its fraudulent or has an investigation going??

5:48:40 PM : Customer: I just have never heard of this before. Is it the DTC that is limiting it??

5:49:24 PM : AgentJason R.: The department has restricted its purchase is not available and no additional details are listed.

5:49:54 PM : Customer: Ok thanks. By your experience can that change??

5:50:19 PM : AgentJason R.: Potentially.

5:50:28 PM : Customer: Okay thanks for your help.

5:50:54 PM : AgentJason R.: You're Welcome!

Here is a good site showing a table of what you can and can't do as far as trading OTC Stop sign or grey (dark or defunct) stocks. This says Scottrade allows you to trade greys too it must be a department restricting it like Jason R. said in the chat.

http://www.nonamestocks.com/2016/10/brokerage-firms-otc-markets-and-dark.html


Note: One of the comments on the above webpage says Scottrade won't let you trade greys. I believe that is wrong. The agent told me in the chat today that the grey part wasn't the reason I couldn't buy it. He just said the Department has restricted its purchase.

Dan SchumFebruary 8, 2017 at 3:35 PM
A reader has informed me that Scottrade will not trade grey market. He says they are merging with TDAmeritrade. I am surprised at this since TDAmeritrade and Scottrade both told me they will allow grey market but what can you do.

Maybe that will change once the TDAmeritrade/Scottrade merger takes place or when TRKG updates all their filings and becomes current.

More on the TD Ameritrade Scottrade Acquisition:

https://about.scottrade.com/updates/announcement.html

When will the acquisition be complete?

The transactions are subject to customary regulatory approvals and a closing period that is expected to be complete by Sept. 30, 2017. During that time, there is no impact to your account or your ability to do business with Scottrade and your experience with us will remain the same.