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Re: markeddy998 post# 4298

Saturday, 10/03/2009 4:17:12 PM

Saturday, October 03, 2009 4:17:12 PM

Post# of 93372
Here's Scottrade's response on a follow-up question:

--- Support Message ---
Reply Date: 10/1/2009 1:55:19 PM
Subject: Re: Trading <<#10298-996242#>
Dear Valued Client:

Thank you for your e-mail.

Clearing and/or settlement restrictions were placed on the security in question by the Depository Trust Company (DTC). Due to this, Scottrade has made a corporate decision not to accept any additional purchase orders. We will only accept liquidation orders for existing positions at this time.

We cannot offer a time-limit on when Scottrade's restriction may be lifted. Once DTC has informed us that the clearing/settlement issues have been resolved, we will review the matter and consider accepting new purchase orders again.

You can view a complete list of securities that are restricted for purchase and/or selling at Scottrade by logging into your account online, clicking on the ‘Message Center’ link in the left menu and then clicking on the ‘Clearing Restrictions’ link.

Please let us know if you have any questions.

Regards,

Kevin Kohler
Senior Stockbroker
National Service Center
Scottrade Inc.


--- Original Message ---
Received: 10/1/09 1:55:20 PM CDT
To: Scottrade Customer Support <support@scottrade.com>
Subject: Re: Trading

Geez, How much longer do I have to wait for this to clear?