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Re: malamutus post# 79307

Tuesday, 08/30/2011 6:21:42 PM

Tuesday, August 30, 2011 6:21:42 PM

Post# of 155527
I currently hold MMTE with both Etrade and Fidelity - I transferred my account out of Zecco when this same issue happened a few months back. So from that point of view MMTE has not changed it's status since May 2010 (this is now coming from several sources, not just MMTE).

I have a few opinions regarding why this is happening but am curious to hear what MMTE puts out.

One thing to keep in mind is Penson's earlier policy was that they would trade but it was with astronomical fees associated with it! Recently Penson changed their policy but the one aspect that took several by surprise is with Ameritrade.

I recall several comments early on about it is just Zecco, that was disproven. Then it went to just Penson. Now we are looking at Penson restricting all pennies and Ameritrade restricting MMTE.

Everything I post is my opinion nothing more.