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Re: masscommuter post# 13792

Friday, 12/10/2010 4:21:44 PM

Friday, December 10, 2010 4:21:44 PM

Post# of 91121
One of the major brokers told me in 2009 that Scottrade had made a decision not to trade pennies anymore.
So starting in fall of 2009 there were hundreds of message board messages by people noting Scottrade wouldn't allow trading in their penny stocks anymore.

So this has nothing to do w CWRN in particular-it is an across the board decision by Scottrade re penny stocks-though they may allow some and for many you may have to call in. But why deal with a non-friendly house when there are brokers without these restrictions.

Choice trade will allow you to transfer your penny stocks to them.
Some brokers won't accept a transfer of penny stocks even if you already own the same stocks at that brokerage. They just don't like pennies, are condescending re the same,and know very little about the OTC world.