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It is SEC amendment/rule 15c2-11.......go do some simple

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daman45   Tuesday, 05/04/21 02:34:55 AM
Re: lumpy9200 post# 9351
Post # of 9382 
It is SEC amendment/rule 15c2-11.......go do some simple due dilligence. It is not just a TD Ameritrade rule. As of right now, it is CE stocks...by June-September it will be all OTC stocks that are not up to date with their current information. All stocks must be pink current. Yes, you are still buying on the expert market because the cut off date is May 25. After that date, your buy orders will be rejected. No one is going to be pleasanytly surprised by what is coming, and it will not be business as usual. The best chance we have is the SEC/OTC reversing course, but that is a long shot. From an article written by an attorney that I posted earlier....the SEC did receive a large amount of objections from OTC traders and in the end they decided to do what they wanted and pulled the trigger. They are going to kill an entire market based upon the guise of protecting a small percentage of investors that are too dumb to realize a skull and crossbones means high risk (as if these same investors will ever read filings from reporting companies).

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