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Re: widzew1 post# 33245

Monday, 04/30/2012 11:04:09 AM

Monday, April 30, 2012 11:04:09 AM

Post# of 38410
Zecco has had a chill on BRZL for months now. I can't trade mine from my Zecco accounts unless I want to pay an additional fee to do so. Customer service told me today that my other choice would be to transfer them to my ETRADE account for a small fee.



Investopedia explains 'Chill'
Owned by many financial companies including the New York Stock Exchange (NYSE), the DTC acts as a clearinghouse for stock exchange securities, settling trades in corporate and municipal securities. If the DTC has cause to be concerned about a specific security currently processed through its system, it may place a "chill" status on the security. This will restrict brokerages' ability to transfer the shares or units of the security through DTC until the security's issues are cleared up or it ceases trading on the market.

Read more: http://www.investopedia.com/terms/c/chill.asp#ixzz1tXIKuxGb