Notice I got when I attempted to test_buy an Expert Market subpenny stock on Vanguard.com:
"This security trades below $0.01. Trading in securities priced less than $0.01 is not permitted. To place a sell order on an existing position, please contact us at 800-992-XXXX."
That is Vanguard's normal customer service number, which I phoned to learn more. Apparently Vanguard has a blanket company policy of not permitting trading in subpenny stocks.
They do allow sales of them.
______________________________________________________________ Because the Good Life is Just a Pump or Two Away
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.