Replies to post #43253 on 02 Secure Wireless, Inc. (OTOW)

[Sccrbrg]

Transfer accounts to a decent broker. It'll benefit you in them in the long run anyways.

Easier said than done, but the process is fairly simple. I've been in that boat for a while as I'm about fed up with Scottrade. Their 1/2% plus 7 dollar commission ends up costing me about as much - if not more - than a non-discount broker and I still have to deal with their untimely trade executions and blacklists.

Zecco just upped their fees (could end up paying as much as $700 per trade if your stock is or ever becomes non-DTC eligible). And they can break up your trade without consent without notifying you of the charges until days after the execution.

Short answer, change brokers and save yourself the pain in the future while capitalizing on the now.

Past that, all there is to do is sit back and wait for developments. It's not the end of the world, just another twist in the road. No reason to worry about something before we know the extent to which it applies.