Mr. Bradford:
I did more research on AKRK, but I was not able to get the reason that we are not accepting opening transactions. I did see that there have been no trades filled on AKRK since February 3. That is for the market as a whole, not just for TD AMERITRADE clients.
If you contact the Investor Relations area at AKRK, they may be able to give you more information about why the security is not being traded.
Thank you,
Clinton Pearcy
Apex Client Services, TD AMERITRADE
Division of TD AMERITRADE, Inc.
Glen, thanks for your further input. Unfortunately, we don't know.
We can only think it is the transfer agent issue. But as you can see, it is very tough to pin down.
Regards,
Frank Hawkins
Chief Executive Officer
Hawk Associates Inc.
Phone: (305) 451-1888
Dear Mr. Bradford,
Thank you for your inquiry about opening a new E*TRADE Securities Complete Investment account and purchasing AKRK. We are very excited to see that you considered E*TRADE for your investment and brokerage needs. After review, I can confirm that you will be able to purchase this stock in your E*TARDE account. You are also capable of linking and managing multiple brokerage accounts for yourself and others.
Glen, thanks for passing this along.
I have, in turn, passed it along to the company's SEC attorney.
Thanks for your interest and initiative.
Regards,
Frank
Frank Hawkins
CEO
Hawk Associates Inc.
Phone: (305) 451-1888
Fhawk@hawkassociates.com
I encountered the same problem when trying to purchase shares the other day on my TD Ameritrade account. Did a little research and found that someone else had the same problem when trying to purchase shares from TD Ameritrade. This is what they said on Yahoo Finance Message Board:
TD Ameritrade does in fact prohibit buying AKRK. You can sell the stock in TD accounts but you can't buy it or even deposit shares to increase your position.
The problem is an old dispute between TD Ameritrade and AKRK's transfer agent that has nothing to do with AKRK. I have talked to TD, the transfer agent, the investor relations firm and AKRK's corporate counsel in NY about this issue and nobody is motivated to resolve it. Essentially what is going on is that somebody within TD's compliance department has blackballed the transfer agent with the apparent intent to do harm to his business. So any stock the transfer agent represents is on TD's banned list. This is a sad story.
I encourage all AKRK investors to contact AKRK's investor relations firm and bring pressure to bear on clearing up this issue:
Hawk Associates Inc.
227 Atlantic Blvd.
Key Largo, FL
33037
Phone:
305.451.1888
305.451.3100
(KMM62069093I30411L0KM)
