Replies to post #3328 on Grey (or Expert) to Pink

[creede]

Hey Daman,

I am not a lawyer, but I have read as much of that rule as I can stand (it’s hundreds of pages).

I could not find anywhere that states anything directed at the brokers except they need to make sure it’s not an insider selling.

That has nothing to do with buying shares (which is the biggest problem now).

The rule was only designed to modernize the Form 211. The whole point of the rule was to eliminate companies having real time quotes when they don’t have recent public information.

Many of these Pink No Info stocks are being traded on a solicited basis based upon 211’s that where filed over 20 years ago.

This rule puts a stop to that.

The discount brokers have seized upon this opportunity to restrict buy orders Greys, Expert, and Pink No Info stocks.

I have called a half dozen of them now and none of them can tell me why.

They just say it’s for my own protection.

Riiiiiiight