I spoke to Ameritrade just now to find out why there was a restriction on purchasing AVTC last Friday.
This is what I was told.The "RISK ANALYTICS DEPARTMENT" at Ameritrade determines who goes on a list of restricted securities,of which AVTC is one.
I asked why?
I was told they didn't know,as a broker for AMTD they are not even told why.In order to open a position in the stock I had to go through them.No other way.
I then wanted to talk to the "risk ananlytics dept."
I was told I couldn't!
I was also told that AVTC could be taken off that list at any time.
I asked if other clients are buying AVTC at AMTD;I was told yes.
I thought it was strange because no one else on this board agreed with me or mentioned they had the same problem.
I asked just to make sure that it wasn't about me,or my account or some restriction that had been placed on me or my account.
I was correct that it was the same for anyone buying through AMTD.
One more question which I asked and seemed unanswered or the question was dodged,
"Could AMTD be short on the stock and they have the restriction to slow down the buying"
No reply.