Lots of bad information here. You can do this if your broker lets you. Why is less clear, since the tax benefits have been long removed via...
The current SEC, along partisan lines, rubber stamped the Nasdaq diversity-over-competence governance proposal....
No better IMO.
Yes exactly. You don’t need a CPA to tell you the basics of capital gains. It just following the tax instructions on the 1040 and associated forms.
Yes, try previewing a big order for FTEG or CBDL for example in TWS and you’ll see it won’t accept it. yes, IB’s commissions (and bundled...
They’re self clearing and have lots of capital? But they have added a lot of otc restrictions recently due to the dumb SEC rules coming later...
And in addition, IB has a max order size of 500k shares, which is only $50-100 for the very low priced stocks so it’s a pain to trade. Plus, they...
No, they won’t ACAT unsettled shares. They’re worried about compliance / fraud related issues.
Worse, Schwab doesn’t negotiate lower margin rates for those with large balances the way most other brokers do. Well, I suppose they might offer...
Because the clearing firm says so. But mainly because there’s a chance the shares aren’t real or something and they need some extra capital until...
I’m sure it’s based on average volume over a few weeks or months. Either way, if you’re trading a stock like that, expect to run into these...
No, it’s based on trading volume. I’ve had a compliance review trigger for trading 1000 shares at less than $10 each. The stock had 7M shares...
I don’t know what the % of average volume cutoff is, but this has been a problem for me in lower liquidity listed stocks as well as OTC.
IB these days hassles you if you trade an unspecified % of volume as if you might be an affiliate of the company and locks up your position,...
We’ll have to agree to disagree on this. Whether a 90% hit is the right number will depend a lot on who currently owns the stock and whether...
It’s not quite that simple. Most investors don’t have a timeframe of “forever” ala Berkshire and do value the liquidity of being able to sell...
So with your experience with OTC markets, I’m sure you know how much a stock tanks when it gets kicked off otc to the gray market. Down 90-99%...
Lots of nanny brokers have been banning trading in various types of OTC and even occasionally listed stocks, solely based on the (sometimes...
You can get out of the 10% penalty, but not the taxes on the Roth earnings, via a 72T withdrawal schedule....
Good, hopefully they won’t screw it up.
Separate names with a comma.