Response from TD:
Thank you for contacting us and we apologize for any inconvenience this is causing. The reason you're not able to purchase additional shares of CBIS is because of the industry wide DTC "Chill" restriction. This prohibits a clearing firms' ability to settle trades and prevents book entry deliveries. When an issue is designated as DTC chill at DTCC it is not eligible for physical deposit or delivery through the DTC. This restriction prohibits a clearing firm¿s ability to settle trades once their book entry holdings are depleted.
At this time, there is not a set timeline for if/when the restriction will be removed. However, once the industry wide "DTC Chill" restriction is lifted TD Ameritrade will re-evaluate whether the issue will be allowed to be traded again.
I hope that this helps to better explain the message you received when placing your order. If there is anything else we can do for you, please reply to this e-mail. Your business is appreciated and we want to make sure we've addressed all of your questions and concerns.
Sincerely,
Justin Winter
Trade Resolution, TD Ameritrade
Division of TD Ameritrade, Inc.
My follow-up:
Thank you for the response. What do you mean by "industry-wide"? If this applies to CBIS, why is it not on the DTC list? Why are other brokers (e.g., Fidelity, Scottrade) able to process orders? Here is the "C" section from their website.
12619H100 CO2 TECH LTD…CTTD Suspension of all Services ex CS
131720104 Calypso Wireless Inc.…CLYW… REVOKED
132133109 Cambrian Systems Incorporated...CAMS--- Suspension of all Services ex CS
133223602 CAMELOT ENTERTAINMENT GROUP…CMGR
133223701 Camelot Entertainment Group, Inc.…CMGR
137693107 Cannon Exploration Inc.…CNEX Suspension of all Services ex CS
141335109 Carbonics Captial Corporation ….. CICS Suspension of all Services ex CS
14160L506 Cardio Infrared Technologies, Inc.…CDOI
14739W207 Cascadia Investments Inc.…CDIV
14949R105 Causeway Entertainment Co.…CIST
12507U106 CDI Developments, Inc. Suspension of all Services ex CS
16890B104 China Changjiang Mining & Energy Corp.…CHJI Suspension of all Services ex CS
169364106 China Adnet Enterprises…CAEJ Suspension of all Services ex CS
169382108 CHINA DIGITAL MEDIA CORP…CDGT Suspension of all Services ex CS
16938L106 China Gold Corp. [color=red]Suspension of all Services ex CS
16942V108 China Jiansu Golden Horse Steel Balls..No Longer Trades Suspension of all Services ex CS
169442100 China MediaExpress Holding, Inc.…CCME Suspension of all Services ex CS
16949U103 China Food Services Corporation.........GDHI
16946A100 China Voice Holding Corporation.....CHVC Suspension of all Services ex CS
171127103 ChromoCure, Inc…..KKURSuspension of all Services ex CS
171334204.. Church & Crawford, Inc..... CCWT
172565202 Circle Fine Art Corporation …..CFNE
174445106 Citizens Capital Corporation ….. CAAP
125649400 CLX Medical, Inc............CLXM
18682T202 Clicker, Inc. ….. CLKZ
189098106 Cloud Centric Systems, Inc.…CLDR Suspension of all Services ex CS
189869100 Coachman, Inc. …..CINC
19049P107 Coastal Pacific Mining Corp.…CPMCF
19647Y302 Colorado Goldfields, Inc.…CGFIA
196910103 Colorado Wyoming Reserve Comp any …CWYR
M2514A108 Comet Software International ….. CHLDF
205685100 Comstock Industries, Inc. ….???
206575102 Concordia Paper Holdings, Ltd …. CCNCF
20752L101 ConnectAJet.com, Inc. (f/k/a Source Venture Capital, Inc.)… CAJT
22004M101 Corporate Universe, Inc......COUV
16942T103 CHINA NUVO SOLAR ENERGY, INC...CNUV
20029N104 ComCam International, Inc............CMCJ Suspension of all Services ex CS
21750M109 Copper King Mining Corp.. CPRKQ Suspension of all Services ex CS
22743P100 Cross Atlantic Commodities, Inc. Suspension of all Services ex CS
228691200 Crowne Ventures, Inc...........CRWV
221737307 COTTON & WESTERN MINING…CWRN
22938P105 Crystal Properties Holdings Inc.…CPHG
23282B403 CytoCore, Inc........ CYOE
232825109 CytoGenix Inc.…CYGX
If I am missing something, my apologies. Please provide the link to the DTCC info that proves CBIS is under DTC chill and that this is not just a TD Ameritrade issue.
To be honest, I don't expect to get anywhere. What I've learned from investing in the US stock market is that the whole thing is a thoroughly corrupted racket. And yes, I'm sure that is true in other countries. I guess it doesn't help that I have invested in progressive and counter-culture stocks that are already swimming upstream. I continue to hope ...
AI
