Wachovia Securities can Restrict Your Trading

Discussion in 'Retail Brokers' started by patchie, Jun 2, 2009.

  1. patchie


    Beware of Wells Fargo (Formerly Wachovia Securities).

    If you think you can purchase securities in your account and will be able to do so forever, guess again. Wells Fargo may arbitrarily restrict you and all other clients from purchasing shares in a security after you have created a position. They will do so without notice. They impose a "Sell-Only" restriction on the stock wiping out the bid depth and disenfranchising investors.