News Focus
News Focus
Followers 3
Posts 1177
Boards Moderated 0
Alias Born 09/06/2009

Re: None

Sunday, 10/11/2009 8:57:49 PM

Sunday, October 11, 2009 8:57:49 PM

Post# of 19704
Letter from Scottrade Compliance Examiner...Scott Morrison.

I got a written response from Scottrade. Here is the main part...

>>>I am writing in response to your email, dated October 1, 2009, concerning Scottrade's online trading restriction. After reviewing your email and account history, I am writing my findings below.

We apologize for any inconvenience our decision to restrict trading in International Power Group Ltd.(IPWG)stock has caused. Scottrade may proactively restrict trading of securities for a number of reasons, which may include operational circumstances. In this particular case, we have chosen not to offer this security for purchase due to clearing and settlement issues.

This review and restriction should not be construed as a reflection on the merits of the security involved or the people effecting transactions in the security.

I would like to thank you for you inquiry....blah blah...yada yada....

Sincerely,
Scott S. Morrison
Compliance Examiner<<<

Well that was it. No mention of what the "clearing or settlement issues" are. Plus, no real answer to my core question of how long will this restriction last. Each can draw there own conclusion on what this means. For what it is worth...

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y