You're right, something is fishy. I tried to transfer my IRA account from Zecco to TDAmeritrade last week because of Penson and they wouldn't do it. A broker from TDA told me "the committee" rejected the transfer; thought there were too many risk factors.
Didn't make sense to me. It's my money. The risk is mine and it doesn't change because I change brokers.
PER TD AMERITRADE REP WOMAN THAT TALKED TO MY BUD,SAID IT WAS NOT AMERITRADE'S DECISION TO RESTRICT BUYING,THE COMPANY TOLD THEM THAT WNBD WILL ONLY DEAL WITH PHYSICAL CERTS. SO AMERITRADE SINCE THEY DO NOT LIKE TO DEAL WITH PHYSICAL CERT DELIVERY,THEY RESTRICTED BUYING.IT WAS THE COMPANY'S ACTION THAT TRIGGERED WHAT HAPPENED TODAY WITH AMERITRADE.UNREAL.
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