The Day Shorters Room

[andrius]

we'll see.... my broker been telling me for over a year that penson is getting weird with otc/pink flow and I didn't believe it. which led me to contacting them directly and I spend weeks going bakc and forth with their compliance.

yeah they used to allow trading in crazy stuff, handing out shares after splits early before delivery, add in their own added route, etc. its finally catching up to them and this time its not only that they don't want the risk of pink flow, regulators are forcing them to...

hate or love penson they provided a service no-one else wanted to and the good days are over. its not going to happen overnight but they'll phase it out and leave pink biz for good.