Replies to post #6127 on Zuki Inc (ZUKI)

[pinthetail]

Its a DTC Chill. Means there was some shady stuff going on at one point and now there is a restriction on some things. TDamerisuck diesnt allow stocks that are on the DTC Chill list to be traded. Td sucks. Go Fidelity. TD will hit you with some crazy $250 fee trading pinkies..from out of nowhere.. Watch. Switch

[Hitchhiker]

A Google search came up with this:

A “DTC chill” is the DTC’s decision to make an individual company’s securities ineligible for electronic clearance. This means that brokers attempting to clear securities in that company’s stock must do so the old fashioned way: by hand.

My guess is that most of the people who bought into LUSI over the past few days now have some fancy toilet paper.

[Bernie-UK]

I just had the same thing, I was also looking to buy 2 mill on TD. They have 3 different categories for sub-pennies:

1. Chill (with caution) - usually you have to call to place the order

2. Chill (not ok) - you can place an order online but it gets declined like this one

3. Chill (all ok) - you can order and it goes through online.

I've been trading for a while with them and it seems random as to which category they fall into because a lot of pinks are on a chill order.

I only buy #3 these days because they are so slow when you call that you usually miss the price. Then you have to ring again to amend the order.