Followers | 86 |
Posts | 6191 |
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Alias Born | 05/27/2009 |
Tuesday, May 31, 2011 4:06:05 PM
with 3/4 billion traded.
So NO trades through TD Ameritrade today :
"From: Message Center Client Services|Date: 05/31/11 3:02 PMMessage available until 05/30/13.
Dear Mr XxXx,
Thank you for your email regarding your restricted transaction. You are correct that the stock ENTID has been restricted to closing positions only. This means you are not able to buy any additional shares through TD Ameritrade.
The reason for this, is that ENTID has recently announced that they will recognize ownership or transfer of their shares only by physical certificate instead of the modern electronic book-entry system.
Where companies convert to physical certificates only, it has become extremely difficult and, in some cases, impossible for brokerage firms like 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, Ameritrade is not accepting any new opening orders in such securities.
Please note, you are still able to sell any shares of this company that is currently held in your account.
If you have any other questions on this, or any other stock, please let us know. You can reach us by email from our secure message center, or by calling Client Services at 1-888-871-9007.
Thank you,
XxXx
Apex Client Services, TD Ameritrade
Division of TD Ameritrade, Inc."
Unbelievable - NO more PTEL shares for TD Amertrade accounts !
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