Brokers that allow to trade OTC stocks marked as Caveat Emptor ?

Discussion in 'Retail Brokers' started by PatientlyTrader, Feb 4, 2021.

  1. Are there any OTC stocks brokers that allow to trade any symbols without restrictions? E-Trade, IB, Fidelity etc. are not allowing to trade those stocks which are marked as Caveat Emptor.
     
  2. BMK

    BMK

    Can you give a couple examples of the stock symbols you are talking about?
     
  3. kmiklas

    kmiklas

    Stop by my place. We go upstairs. I pay you in brandy, gemstones, and pistols.
     
  4. BMK

    BMK

    Almost of the symbols on that spreadsheet appear to be available for trading in my account at Schwab.

    BMK
     
  5. I haven’t checked, but Schwab claimed to stop allowing opening orders as of Feb’21

    https://content.schwab.com/email/retail/long-term/Schwab-Caveat-Emptor-Sec-List.xlsx

    By the end of January, any positions held that are impacted by the Caveat Emptor designation will be set to liquidating transactions only and no opening transactions will be allowed for these securities. Any existing opening orders will be canceled but you may close out any open positions or continue to hold. You will not be allowed to add any new positions in these securities unless the Caveat Emptor designation is removed by OTC Markets Group.
     
  6. Celestiz

    Celestiz

    I have accounts at Schwab, and I was able to place a trade in a Caveat Emptor stock today. The stock I traded was on the list that Schwab put out. The stock I bought had over 200 MM of volume today, so there was liquidity there. I don’t know if that had anything to do with it.
     
    MoreLeverage likes this.