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Saturday, June 02, 2007 2:42:15 AM
Please know that TD AMERITRADE has made the business decision to not allow opening transactions on this security. While we cannot go into the specific reasons for this restriction, we strongly believe it's in the best interests of our clients and our firm. You can still place closing transactions.
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>Unfortunately I cannot go into detail with you why this decision was made. I can tell you that we take the decision to restrict trading very seriously. While all trading of securities involves risk, sometimes the level of risk associated with a specific security is escalated beyond what is considered reasonable to TD AMERITRADE.
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>We do not want to force our clients to continue to hold a security they do not desire to hold. Allowing clients to sell these securities allows clients to reduce their risk.
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>Both you and TD AMERITRADE take on risk whenever a security is traded. While you may be willing to accept any risk associated with this security, there are certain business risks TD AMERITRADE chooses not to accept.
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>At this time, there is not a set timeline for when/if the restriction will be removed.
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>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
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>Some of the criteria NOT used to make this decision include:
>Stock price of this security
>Positions of our clients and the firm
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>TD AMERITRADE does not participate in the trading of non-listed securities in its own account for the purpose of making a profit.
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>Holly H.
>New Accounts, TD AMERITRADE
>Division of TD AMERITRADE, Inc.
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