Replies to post #4667 on Grey (or Expert) to Pink

[Big Brother]

I'd rather not say publicly and I don't have PM capabilities but it was a non-DTC eligible REIT. It was quite thinly traded, so it was easy for TDA to go back and manually reverse all the transactions on it, even months later. Had I not had enough $$$'s in my account to cover those busted trades, or had moved to another broker over that period of time, they would have sent a collections agency to retrieve those funds that I had made buying and selling the stock.

I filed a complaint with FINRA but is was a waste. TDA eventually sent me a nasty letter, saying it was my fault for not realizing it was a non-DTC eligible security.....despite the fact that DTC is not required for OTC companies, nor is there any public information on which securities are DTC eligible.