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Parrot$93

01/26/21 10:38 AM

#11908 RE: Parrot$93 #11907

So they said is for security reasons, but there's no specific reason why they are added...... it's retarded.

IMO, they can't tell us the reason, for some reason. Lol
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docsetc

01/26/21 10:38 AM

#11909 RE: Parrot$93 #11907

TD Ameritrade and Etrade commonly restrict recent funds transfers and cash deposits for 3 full working days, before you can place them on any penny stock below .25c per share. Its a common practice to protect investors from stocks that may not be properly reviewed or evaluated yet, since the SEC does not regulate OTC Pink stocks very often, (unless they receive formal complaints of a scam going on) so, you can buy on TD Ameritrade, but sometimes you have to wait the 3 full days for a new deposit or transfer to clear, and not on margin, if you're buying a penny stock.

This is common, and does not reflect on the validity of the stock or company.
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Parrot$93

01/26/21 10:39 AM

#11910 RE: Parrot$93 #11907

So they said is for security reasons, but there's no specific reason why they are added...... it's retarded.

IMO, they can't tell us the reason, for some reason. Lol
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GetDaGold

01/26/21 11:13 AM

#11916 RE: Parrot$93 #11907

I had the same issue. I had to call in my order. They will place it and only charge the normal $6.95. You supposedly will be able to sell on your own without having to call it in. They told me that they only needed a broker to open an order, not close a position. It’s frustrating, I know. I can imagine that some people who would be buyers are probably just saying “forget this” and not going through the hassle. Should be interesting to see when TDA lifts the restrictions.