Grey to Pink (G2P)

[creede]

Good morning.

I see a few G2P stocks (like NHLG) surging. So that's good.

On the other hand, I have to say this rule change has been more devastating than imagined. The rule was supposed to simply "modernize" the 211. The idea was to make stocks more transparent.

Inexplicably, the brokers have taken it much further than the rule (law) was intended. Now they will not let us buy Grey or Expert Stocks.

Nor will Schwab (and I presume others) allow us to buy stocks that should not be on the restricted list anymore (because they are Pink Limited or Pink Current now).

Essentially they are destroying liquidity.

Will this change in the coming weeks or months?

Not sure but this is a good time to stop and reflect.

There isn't a law that prevents us from buying or selling grey or expert stocks. Corporations are acting in concert to block access to certain securities - essentially creating a law by their own power.

No matter what side you are on, is that what you want?

Laws are cut and dry. We can read them and then know what can and cannot be done.

We have now descended into the murky realm of "you cannot do it because we said so."

Talk about a slippery slope if you believe in personal liberty.