Worthless Securities DTCC Non-Transferable list

[Stock]

What kind of email or notice did you get from your broker/dealer? Did they call you or what?

They let you buy it...are they not going to let you close your position? Is that the problem? Or are they threatening to remove the position from your account? I presume the issue is that the stock is not DTCC eligible (no electronic settlement of trades)?

And yes, all kinds of stocks trade that have no assets behind them. In this case, the bankrupt company had all of their assets swept away by the new company -- leaving this empty, bankrupt, worthless stock behind... with all of its old liabilities.

There is a new company, doing business by a similar name, but none of the company's assets are within KELLQ.

I hope your position was not too large.

http://www.otcmarkets.com/stock/KELLQ/company-info