InvestorsHub Logo
Post# of 911
Next 10
Followers 2568
Posts 303210
Boards Moderated 29
Alias Born 04/12/2001

Re: TEX post# 164

Friday, 07/01/2011 1:10:33 PM

Friday, July 01, 2011 1:10:33 PM

Post# of 911
Forgot to add: they won't clear anything trading for less than ten cents.

PFSI will no longer accept deposits of equity securities traded on the Pink Sheet or OTC Bulletin Board markets priced below $0.10, to include but not limited to, utilizing the following methods of deposit:

1. Any form of Physical Certificate Deposit
a. Through the Penson SPS application (Securities Processing System)
b. Through the Transit System (TNST)
c. Via Mail
2. DWAC (Deposit/Withdrawal at Custodian)
3. DRS (Direct Registration Service)
4. ACAT Transfer of Restricted Stock -although, we will continue to accept deposits of certain low priced securities without any restrictive legend via ACAT, we reserve the right to reject any account that has a concentration of low priced securities (Penny Stocks).

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64615035

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.