>I tried to place an order through ScotTrade on this stock this morning and was unable to do so online. When I called, ScotTrade said some of these companies are the target of pump and dump schemes<
Several posters have run into this kind of thing with various stocks discussed on this board. Requiring investors to phone in orders seems like a kludgy way to solve the “manipulation” problem.
Just tried to buy DYAX with Ameritrade, they are also stopping online orders. I see this all the time with retail brokers, anytime a nasd stock or penny stock has a big %%% move they pull online orders(my take is if I want to place the order...let me place it) Again, this happens all the time.