Value, After I posted I noticed that your post only referred to restrictions on selling stocks under $5. Not sure why they would have more restrictions on selling than buying though.
So anyway, I then placed an online order to sell some MNDO at $2.50. That order also went through without a hitch.
I don't trade bb stocks anymore so such a restriction wouldn't bother me. And yes, free trades are tough to beat. I'm not sure how they even do it. Service is also great whenever I do pick up the phone to call them about something.
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