Hey No and other RVGD supporters and investors,
Pasted below is the response I received from Ameritrade followed by my response to their e-mail regarding the halting of buying RVGD. My reason for documenting my interaction with Ameritrade is in the event I seek legal representation, this may help my case.
AMERITRADE E-MAIL:
I'm sorry, I don't have a specific reason that I can share about why opening transactions were restricted. TD AMERITRADE takes the decision to restrict a stock very seriously. While all trading involves some risk, sometimes the level of risk goes beyond what we feel is reasonable.
Some of the reasons that a stock may be restricted include:
¿Corporate Actions in which a lack of information, confusing terms, or unclear objectives may be involved. All corporate actions should be transparent as to objectives.
¿Apparent or possible fraudulent activity by a company or it's officers, with potentially manipulative actions to affect a stock price.
¿Frequent unsubstantiated press releases in an attempt to affect the stock's price.
¿Deceptive or contradictory statements regarding past or projected performance.
¿Corporate Identity Theft
¿Valid companies associated with 3rd parties (i.e. transfer agents, consultants, etc) that have shown a predisposition to any of the above activities.
¿Companies known or suspected to be involved in Money Laundering activity
There is not a way for me to know which, if any, of those reasons are behind the decision, but all of those items are very serious. I can¿t change the decision, but if there is anything else I can help with, please don¿t hesitate to reply to this message.
Sincerely,
Jennifer Ahlm
Client Services, TD AMERITRADE
Division of TD AMERITRADE, Inc.
PAMMY'S E-MAIL TO AMERITRADE
Jennifier,
In the future, if you put selling restrictions on RVGD, I request that you advise me at least 7 days before the restriction commences. I need to look out for my investment and if the actions by Ameritrade cause me financial loss, which could be signficant, e.g., hundreds of thousands of dollars, I will be bound to seek a remedy to protect me.