Innerscope Hearing Technologies Inc (INND)

[Lebanon5]

I just received an email for Schwab stating that starting May 25th, they will no longer allow trading of otc securities with high risk and they will limit it to sell only, check below and let me know if any other brokerage company is doing g the same. INND might be one of them???

What’s happening.

By May 25, 2021, we will restrict orders for Caveat Emptor securities to liquidation-only. After this time, we will only accept orders to close existing positions and we will cancel any existing orders to open new positions.

Why is this change occurring?

Caveat Emptor securities come with very high potential risk for investors. They can be volatile and illiquid (not easily converted to cash), and they can place a significant burden on investors in terms of investment research and due diligence. The OTC Markets Group will designate a security as Caveat Emptor if they become aware of one or more of the following risk factors:
• Misleading or manipulative stock promotion
• Fraud investigation or criminal activity related to the company or to insiders
• Regulatory trading suspensions or halts
• Disruptive or undisclosed corporate actions
• Other reasons related to the public interest