Replies to post #185 on Worthless Securities DTCC Non-Transferable list (PENSON)

[Farmboynate]

I agree I was in one that I bought and a few weeks later it was on the Non DTC list and would of cost me like 250-700 dollars i had about 1300 worth of the stock had I sold when the stock was breaking even id of lost about 50% thanks to zecco adding them with out notice to me wish someone would start a class action suit against zecco and Penson

[Yosako]

You said that "Selling more than 537.500 shares would require a call. " So could I sell more than that number or that is the max? Just to clarify here...TIA!

537.500 would be the max for online orders (as bigger orders would get rejected) but for phone orders there is no limit. Just be aware of the NSCC illiquid deposit requirement the trade causes, in order to avoid a buy-back by Penson if it exceeds $50,000.