Zecco used to be a major trader of OTC securities, mid summer they became difficult to get along with, many who saw the writing on the wall then transferred accounts to Fidelity, (the only one who would accept OTC stocks and really, probably the best overall OTC brokerage with, Etrade #2, Scottrade #3) and, left for good. The few that didn't ended up stuck. People trading OTC using Zecco should move all their cash to one of the 3, preferably Fidelity or Etrade, make attempts to only liquidate their positions in Zecco over time, and, initiate all opening trades out of a Fidelity or Etrade account.
Because, this Penson situation does not appear to be going away any time soon.
Glta.
Until TDA started their BS, they rated as a top 3 brokerage, now, they are near the bottom as far as the OTC is concerned. What has bothered me for nearly 9 months is, if Etrade and Fidelity end up the same over time, the OTC will become basically untradable. Sure hope that they don't.
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