2 Main Online Brokers do not seem to feel this way, what will it take to get off the restriction list?? .................................................
As for Scottrade, it will take the brokers to prove that they can deliver the certs in a timely manner after funds have settled. I have no idea what it will take for TDA because they will not state a reason for halting buys.
They restrict many pennies- It has to do with settlement issues. Gee who are the 2 that restrict? Scottrade and Td Ameritrade. Who do they route orders through? NITE. Enough said. I have been buying daily through Etrade. My suggestion is if you are going to trade pennies, go with Speed Trader of Choice Trade.
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