lol. I wanted to buy a pinksheet stock at Schwab the other day. It is a "Pink Current" status, so it should have been no problem.
I couldn't buy the stock online, I got a message saying I need to call in and talk to broker.
The first time I called, the broker said it was "sell only" status. I hung up unconvinced.
I called again, and spoke to a different broker. He eventually told me that the stock is fine to buy, but I would be charged $25 for broker-assisted trade. I said I have never ever been charged that rate. Every time the last xx years I've called in to any broker, they offer me the online rate (for my inconvenience etc).
He checked with his "manager" and got back to me saying the $25 charge still stands.
I guess they really don't want people trading OTC/pinksheet stocks anymore. Too "risky" I guess.I bet they will eventually jump on the Crypto-trading bandwagon though. 🙄
Schwab was off my OTC list anyway because of the $6.95 commission for OTC/pinkseets, but I wasn't expecting a $25 charge if you have to call in.
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