Perchy, that originated as a love note from Penson.
Can anybody explain this? First time it happened to me, what did we do, get uplisted?
2012-08-29 12:05:48 Rejected Sell 74335 0 ICPA Stock Limit 1.8 2012-08-29 12:06:00 GTC cancel / modify Violates OTC illiquid security policy
Tried to change it from .21
Your broker clears through Penson, right? That's the PFSI in the previous explanation.
Short answer is to change to a broker that doesn't clear through Penson. Many investors are collateral damage due to Penson's restructuring plans (translation screwups). Search lawsuits.
Probably a better, short answer is to ask your broker. If I'm reading it correctly, your order doesn't appear to violate the percentage rule.
ICPA 20-Day Average Volume - 10,171,731
10,171,731
10% ×
--------------------------
1,017,173.1 =
GL