Anviron Holding Company (fka ANVH)

[noquit]

Pokerplayer, I just found this about Andrew Carie from Scottrade. This may also apply to ANVH stock:

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09-03-2009, 10:09 AM
mjd77
Junior Member Join Date: Jun 2009
Posts: 27

ST re CXAC

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Quote:
Originally Posted by bizzytop
Scottrade requires a call in for CXAC, I tried to put a buy and it would not let me, My etrade allows it and of course my zecco also allows it. I am done with scottrade I am closing that account as soon as my funds clear, so I can get my money out.

This is the reply from Scottrade regarding CXAC:


Reply Date: 8/31/2009 9:20:09 PM
Subject: Re: Other <<#232342-959671#>>

Dear Client:



Thank you for your e-mail.


CXAC is not available for purchase through Scottrade; however, if you own the stock, you may sell it through your account. CXAC is an illiquid stock that incurs additional NSCC (National Securities Clearing Corp) clearing requirements.



NSCC requires participants to put up capital for security positions based upon the price of those securities. As an example, Scottrade holds a position of 38,000,000 shares of a stock that trades at .002. We are required to put up over $1,000,000 even though the market value of that position is only $76,000.


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



Sincerely,

Andrew Carlie

National Service Center

Scottrade Inc.