Magellan Energy, Ltd. (MGLG)

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This is what I got from Scottrade.


Dear Client:



Thank you for your e-mail.


At this time Scottrade is not permitting new purchases of these securities within our accounts. We do regret any inconvenience this may cause for you. This trading restriction is due to the cost prohibitive clearing requirements of these particular companies' transfer agents.


Please let us know if we may be of further assistance.



Sincerely,

Don Simon

National Service Center

Scottrade Inc.