Wednesday, May 02, 2007 1:22:02 PM
Here are ATURDS reasons....
Mr. XXXXX,
As Gini stated, we can not give specific reasons for this restriction.
Some of the reasons a stock may be restricted to Closing Transactions only include:
-Corporate Actions in which a lack of information, confusing terms, or unclear objectives may be involved. All corporate actions should be transparent as to objectives.
-Apparent or possible fraudulent activity by a company or it's officers, with potentially manipulative actions to affect a stock price.
-Frequent unsubstantiated press releases in an attempt to affect the stock's price.
-Deceptive or contradictory statements regarding past or projected performance.
-Corporate Identity Theft
-Valid companies associated with 3rd parties (i.e. transfer agents, consultants, etc) that have shown a predisposition to any of the above activities.
-Companies known or suspected to be involved in -Money Laundering activity
Some of the criteria NOT used to make this decision include:
Stock price of this security
Positions of our clients and the firm
Thank you,
Sean P.
Apex Client Services, TD AMERITRADE
Division of TD AMERITRADE, Inc.
Mr. XXXXX,
As Gini stated, we can not give specific reasons for this restriction.
Some of the reasons a stock may be restricted to Closing Transactions only include:
-Corporate Actions in which a lack of information, confusing terms, or unclear objectives may be involved. All corporate actions should be transparent as to objectives.
-Apparent or possible fraudulent activity by a company or it's officers, with potentially manipulative actions to affect a stock price.
-Frequent unsubstantiated press releases in an attempt to affect the stock's price.
-Deceptive or contradictory statements regarding past or projected performance.
-Corporate Identity Theft
-Valid companies associated with 3rd parties (i.e. transfer agents, consultants, etc) that have shown a predisposition to any of the above activities.
-Companies known or suspected to be involved in -Money Laundering activity
Some of the criteria NOT used to make this decision include:
Stock price of this security
Positions of our clients and the firm
Thank you,
Sean P.
Apex Client Services, TD AMERITRADE
Division of TD AMERITRADE, Inc.
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