I will admit I am not a stock broker. I do not own a brokerage firm. Nor have I ever worked at one.
Perhaps. Just perhaps. This new rule has created a liability issue where they sincerely feel vulnerable to lawsuits if they allow us to buy these stocks.
Like if I bought Expert ticker QRST and lost all my money I could turn around and sue them for damages.
Has anyone heard of anyone doing that already?
Or does anyone know of a specific law that would enable someone to do so?
I feel like they are blocking us from purchasing these stocks for their own selfish reasons. Maybe there is more to it that can only be understood if you work on the inside (so that you can hear what their lawyers are telling them).