Anyone else get a notification that if you are a US person you are no longer permitted to trader certain sanctioned companies from China? I knew there were sanctions, but did not know they would penalize smaller investors who hold a few shares of these companies. Anyone know if this will cause problems to non-US persons residing outside of the US?
Finally somebody is doing something to protect small investors from being defrauded by scam Chinese companies!!
I did not receive such a notification. Could it be that IB has only sent this to customers who actually hold such shares?
My other broker notified HSI traders by raising margins to infinity. For non-us customers too. IB make a distinction between US based and ROW customers fortunately so theres no general notifications but I expect the systems will deny you access if your country does.
I believe you have to hold the shares. The header of the notification said something about due to the fact that I have the shares ... etc. etc etc...