/biz/ - Business & Finance

>>49926593

I'm telling you, the TD:A letter is all I need to get rock hard when im feeling like doubting myself. HOW MUCH CLEARER CAN YOU BE

> new amendments restrict the ability of market makers to publish quotations for those companies that have not made required current financial and company information available to regulators and investors.

>we dont like that
>changing position to close only
>we cant promise reliable info, or liquidity! sorry!
>consider the following options

KEK

fannie and freddie is a fucking OTC that is no longer purchasable by retail (sneed: caveat emptor clause) grievously shorted like 144 pages of other shit. don't try to make shitty association based on OTC price movement of ex big name companies

Fannie and Freddie is an OTC buy fuck off with the cellar boxing shit. most of the good ones are already on the caveat emperor list.

marked to close position only btw
24 pages of OTC shit

enjoy

in regards to chart anon, i remembered something you may or may not be interested in.

I bought the corpse of blockbuster during jan of last year off OTC. $BLAIQ has a similar chart to the rest of the basket stocks, but what was funny was when TD:A sent me the following message:

On September 28, 2021, new amendments to Rule 15c-211 under the Securities Exchange Act of 1934 went into effect to enhance investor protection and improve issuer transparency. These amendments restrict the ability of market makers to publish quotations for those companies that have not made required current financial and company information available to regulators and investors.

Ahead of the regulatory enforcement date, TD Ameritrade will only accept orders to liquidate positions - (i.e. no new buy orders) starting on or after September 3, 2021.

Please note: Now that the amendment has officially gone into effect as of September 28, 2021, it may be more difficult to liquidate these securities. Quoting and market liquidity may also be very limited.

They also sent me a PDF of all the OTC (Read: Cellar Boxing, remember that?) that they were moving to sell only under the "caveat emptor" rule. 144 pages, that i've linked below.

What is a caveat emptor rule?
"A doctrine that often places on buyers the burden to reasonably examine property before purchase and take responsibility for its condition."

NOTE - YOU CAN NO LONGER PURCHASE ANY OF THESE, IF YOU OWN THEM THEY ARE MARKED CLOSE POSITION ONLY

https://www.tdameritrade.com/retail-en_us/resources/pdf/TDA101550.pdf

GERN FOR LIFE / FRACTIES / KATHIES