Friday, September 03, 2021 9:30:11 AM
However, I just did a test and we are okay here:
Buy 10000 ENVIRONMENTAL CTL CORP COM (EVCC) $0.02 Limit Good for Day $0.0232 $0.03 $0.03 Open
I put in a small day order for 2 cents today. As BRich said, we are current so his theory has been tested and we are good.
I literally ran into the wall you are talking about yesterday, which I just posted here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165761681
I was re-entering the shell SWRL and then I got cut off yesterday. I can't buy it anymore. I didn't even read the legalese warnings letters I received. Customer service told me this:
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We apologize for any frustration as this is in fact a new SEC rule we notified all E*TRADE clients about in July and again in August. After August 27th, E*TRADE customers will no longer be able to buy OTC Pink No Information securities on our platform and I do see SWRL falls into that category. On Tuesday, Sept. 28, 2021, new requirements take effect that will impact the market for, and value of, certain OTC securities. The new rules apply to "Pink No Information" OTC securities of companies that fail to publicly report and keep current financial and other company information and will restrict the ability of US brokers, like E*TRADE from making these products generally available. Liquidating orders will still be allowed, but with this being in effect, it may make liquidating harder.
As far as the order that filled for you in this security today, the reason it filled and executed today was because the order was entered as a GTC order before August 27th.
If you need anything else, please feel free to reach out and we thank you for choosing E*TRADE.
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It definitely does not apply here as that letter was yesterday, and my day order for EVCC was today. :) This of course assumes my broker Etrade is applying the new laws that go into effect on the 27th across the board equally as of now. I feel confident that they are.
If anybody knows of a *trustworthy* broker with regulatory oversight, but not SEC oversight that can get around these rules, let me know please. If it's Switzerland or Canada or something... I don't know how to get around the SEC. But if there is a legal way, I'd like to pursue that avenue. I can always open another account. SWRL has fingerprints of integrity as I see it, and one day, it's going to be emerge as something good.
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