Winning Brands Corporation (WNBD)

[lbdave]

I also find the TDameritrade issue very strange. It's not uncommon for broker/dealers to restrict internet trading of certain issues for reasons unknown to us, but they will generally accept buy orders placed via the phone. What I find troubling about this situation is the problems WNBD has faced thus far has to do with brokers who clear through Penson ( due to DTCC eligibility), and this problem only affects the sell side of the trades to date. So, the restrictions that TDameritrade has impossed on buy orders is very odd especially when they seem to have no problems with clearing your sale order.

Friday, a friend of mine was placing a buy order through Zecco but the order kept getting rejected. He finally called Zecco, and was told that WNBD was placed on the DTCC list that morning (which was a lie, because we know others were told they were on the list weeks ago) and that buy orders for WNBD could be placed by phone only, but he was also warned that he could face substantial charges for clearing when he decides to sell his WNBD stock. This is the situation that has been discussed on the board about brokers that clear through Penson. This is "not" the case with the issues coming from TDameritrade, and something seems to be fishy about the situation, because they don't mind you selling your position, but don't want to allow others the ability to buy them lol.