KAT Exploration Inc (KATX)

[falon]

TD AMERITRADE users purchasing KATX...


Dear Client Services,

KATX is restricted from purchasing (it can be sold on-line)on-line. Who decides to restrict certain stocks from on-line purchases?
What criteria is used? How often is the restricted stock reviewed to determine if the restriction may be lifted? Will KATX restriction be lifted? If not, Why not?

Thanks



Response from TD:

Good morning XXXXX,

Thank you for contacting us regarding restricted on-line purchases. I would like to address your concerns about this with you. I do not show that KAT Exploration Inc (KATX) is restricted from purchasing. I see that you purchased shares of it on 1/20/10.

But regarding who decides to place the restriction and what criteria is uses, when our Research Department came across information, i.e. news or events that determined that a stock may be of more risk to us and our clients, we may decide to place a restriction on that stock. In these instances, we do not prevent you from purchasing, but purchasing online. We only ask that a client call us to verify their identity and intent for trading it.

Thank you for choosing TD Ameritrade. We always look forward to providing you with the best possible trading experience.

Sincerely,

XXXXXX
Apex Client Services, TD AMERITRADE
Division of TD AMERITRADE, Inc.


My Response:

Hi Client Services,

I know it is not restricted from purchasing. My message stated it was restricted from purchasing "ON-LINE".

I also had some other questions that wasn't answered. Based on your response, could you put me in touch with someone in the research department to discuss this matter.

Thanks