Wednesday, February 09, 2011 1:29:11 PM
For what its worth? This is the reply i got back from TDA back on 12/28 when i ask why they had restricted the selling of INIX shares..........
WHO KNOWS?
On 12/28/10 2:07 PM Message Center Client Services wrote:
Mr. Sane,
Good day. Several companies have recently announced that they will recognize ownership or transfer of their shares only by physical certificate instead of the modern electronic book-entry system. One or more other companies are encouraging shareholders to convert their stock to physical certificates. Where companies convert to physical certificates only, it has become extremely difficult and, in some cases, impossible for brokerage firms like TD Ameritrade to obtain shares for their clients. Converting to physical delivery also increases the costs associated with transferring ownership of common stock between buyers and sellers. To reduce the risks that transactions cannot be settled timely and the added expenses associated with physical delivery of shares, TD Ameritrade is not accepting any new opening orders in such securities. However, sell orders can still be placed as normal. Please let us know if you have any other questions. Thank you for choosing TD Ameritrade.
Dustin Ellison
Apex Client Services, TD Ameritrade
Division of TD Ameritrade, Inc.
(KMM69024955V66782L0KM)
WHO KNOWS?
On 12/28/10 2:07 PM Message Center Client Services wrote:
Mr. Sane,
Good day. Several companies have recently announced that they will recognize ownership or transfer of their shares only by physical certificate instead of the modern electronic book-entry system. One or more other companies are encouraging shareholders to convert their stock to physical certificates. Where companies convert to physical certificates only, it has become extremely difficult and, in some cases, impossible for brokerage firms like TD Ameritrade to obtain shares for their clients. Converting to physical delivery also increases the costs associated with transferring ownership of common stock between buyers and sellers. To reduce the risks that transactions cannot be settled timely and the added expenses associated with physical delivery of shares, TD Ameritrade is not accepting any new opening orders in such securities. However, sell orders can still be placed as normal. Please let us know if you have any other questions. Thank you for choosing TD Ameritrade.
Dustin Ellison
Apex Client Services, TD Ameritrade
Division of TD Ameritrade, Inc.
(KMM69024955V66782L0KM)
I Have No Regrets About My Past...My Past Is Who I Am Today...Born Again!
Rick j Sane
