Hi All, I want to get into few specific foreign stocks (mostly from Tokyo Stock Exchange but few european as well) that have no US ADRs. After some research I found only these two possibilities: - buy "grey sheets" (other-OTC) for these - pay Schwab $100 + 1.5% per transaction (rip-off IMHO even for long term) Is there any other option ? What is the structural risk in owning "grey sheets" of large cap foreign stock ? There is suprisingly little info on "grey sheet" trading (how it is done, what do I own in the end, laws governing "grey sheet" trades, etc.). Any help will be gretly appreciated !