Tuesday, May 01, 2012 9:17:11 AM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75017855
For those that have Ameritrade and are concerned about the DTC chill here is the response I just received directly from Ameritrade.
I asked
Quote:
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I own shares of BRZL which is under a DTC chill. I know that Ameritrade will no longer let me purchase more shares of BRZL. My question is whether or not there is a timeline for me to sell? Will Ameritrade be cancelling my ability to sell these shares at some time in the future?
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Ameritrade responded.
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We will allow closing transactions on these securities like BRZL even though no opening transactions are allowed for an indefinite amount of time as long as the security is still trading.
The only thing that will prevent you from being able to close out one of these stocks under the DTC Chill would be if the stock were to become delisted and valueless and stop trading altogether; but, as long as it still have value, you can sell it to close out your position in BRZL or any other stocks you hold that are under the DTC Chill.
I hope this information has been helpful, but if you find you still have questions, simply reply to this message so we can get back to you with a quick response ¿
Best regards,
<name removed>
Apex Client Services, TD Ameritrade
Division of TD Ameritrade, Inc.
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