Replies to post #62939 on Enzolytics Inc (ENZC)

[Solid_]

OTC stocks are difficult to transfer between brokers.

[VwapWickHunter125x]

You can transfer positions "all in kind" from brokerage to brokerage. Depending on the relationship they have it will take 10-20 business days with a period of approx. 1-3 business days where you won't be able to trade. Additionally, every time you do trade pre-transfer completion/ post transfer initiation, it will delay the process.

[fb454]

The service is just as bad at TDA. Wait times are terrible. On a good day it`s a 30 min wait. They`re all working from home.

[The Law (f/k/a emz)]

Yes- you have the right to transfer shares to a new broker- you do not have to liquidate/re-buy- probably a bunch of paperwork, but should be do-able

[Bud-Wiser]

Just did it...I had to liquidate my Fidelity Penny Stocks...Etrade will not except a Transfer of Penny Stocks coming in from another Brokerage...Not sure about you scenario but I'm thinking you must liquidate 1st

[poncewaves]

If you have to liquidate it is not worth it. Just put any future stocks in the other account. IMO.