Santo Mining Corp (SANP)

[Teuton]

I have a Scottrade account and just what to give you heads-up that certain deposits types would fall under restricted funds. ACH transfers through Money Direct would take 3 days to clear and uncleared check deposits would remain restricted until they clear. Stocks under $3 dollars fall under this category. All other types of deposits have 0 business days restriction if the deposit is less than 3X the available equity. If it is greater than 3X the available equity only wire transfer and cashier's checks are restricted 0 days. Except for possibly Wire Transfers, I do not believe there are any fees for deposits or withdrawals.

I am unsure about E*TRADE. However, My brother has an account with them and when I suggested that he buy some SANP during the trips, he informed me that E*TRADE would not allow him to just trade penny stocks without contacting a broker representative. Others on here say that E*TRADE would not give you a problem with penny stocks, so I'm not sure why his account was restricted unless there might be an equity margin minimum or something.