NewStream Energy Technologies Group Inc (NSGP)

[JamesE_]

The same thing happened to me with Merrill Lynch!

About 6 months ago I spoke to a broker who told me about new restrictions on ALL low-priced securities due to increased scrutiny from the SEC. It is not specific to any one broker or stock. He said penny stocks can no longer be traded online with ML. However, they can be traded over the phone, but there would be a delay in execution while a review is conducted; large blocks may take a couple of days. IMPORTANT: He said when I call to ask for the ONLINE RATE and I would not be charged extra. I assume the same would apply with TD.

I was not content with the hassle of phoning in every trade and waiting up to two days for execution, so I did some research to find the best online broker for penny stocks. I ended up switching to Schwab for their flat $4.95 trades with no restrictions on online OTC trades and no delayed execution.
Very happy with them so far, but it may only be a matter of time before they restrict them as well.