InvestorsHub Logo

ottoman

10/06/23 9:10 PM

#6147 RE: fishnman #6145

Brokers have really moved away from the Grey Sheet / Expert market stocks. Were you wanting to just hold/sell your ICOA, CNNA, WALN or buy more? I don't really know any brokers that would allow buying these anymore, at least self-directed trading online. Of all the brokers I know, I thought maybe T. Rowe Price might allow expert market purchases, but I placed a test buy order for all three (ICOA,CNNA,WALN) and couldn't buy any. They are "restricted". WALN doesn't seem to even exist. (symbol doesn't come up). Even otcmarkets.com doesn't show it.

Fidelity is good, they allow pink-current stocks but not Pink No Information, Grey Market and Expert Market stocks.(similar to Schwab, Etrade). And fidelity doesn't charge a commission for OTC stocks (unlike Schwab/Etrade).

It's possible some broker would allow an greysheet or expert market stock purchase with a broker-assisted trade. I did a test trade online with Schwab for symbol CNNA and it said:

" 1. This order cannot be placed online. To place this order, please call a Charles Schwab representative at 1-800-435-4000. If this is a foreign security, contact the Global Investor Services team at 1-800-992-4685. (DO506) "

I still doubt they would allow it, but not sure.

Hopefully, you'll be able to sell them all in Schwab.
Good Luck 👍️