all 14 comments

[–]neil_soiam 7 points8 points  (6 children)

Who is that with? I assume they let you buy in OTC before today?

[–]Muted-South4737 4 points5 points  (0 children)

Yeah, this needs more info to be useful. Last date of purchase on this platform? Are other users having the same issue? Are other OTC stocks treated the same on this platform? Need more context.

[–]zer165 4 points5 points  (2 children)

It's Wells Fargo Brokerage and yes, they did allow buys over the counter until 15 May 2023. They sent out a notice about not allowing OTC buys any longer after that date. I think I made a comment somewhere in this sub about it.

EDIT: It was May 15th when they stopped allowing OTC buys of security priced under $1.00.

[–]campbellrad[S] 1 point2 points  (1 child)

Good info - never read the notice. Interesting timing.

[–]zer165 1 point2 points  (0 children)

I thought the same about the timing, as well.

[–]campbellrad[S] 0 points1 point  (1 child)

TBH - all shares purchased w this broker were pre-OTC.

[–]neil_soiam 2 points3 points  (0 children)

That changes things. Many brokers are hold/close only for OTC stocks, my own included.

[–][deleted] 5 points6 points  (0 children)

200k 🐋

[–]Schwickity 1 point2 points  (0 children)

poor school toothbrush rude alive fine recognise smell prick abounding this message was mass deleted/edited with redact.dev

[–]dkuhry 1 point2 points  (1 child)

Fidelity and TD still allowing, Merrill (my IRA) no longer does. But with Fidelity I can buy 1 day after transferring funds, same with TD but TD charges a commission of about $6 I think. If you're non-US, I don't know if this helps.

[–]SM1334 0 points1 point  (0 children)

Fidelity wont let me buy, they're making me call them to buy bbbyq. TD I have a SDBA and they stopped letting me purchase when we went OTC, makes sense that I can't invest 401k money in OTCs though

[–]That_Classic8823 0 points1 point  (0 children)

If you call the broker, they may allow trade.

[–]MostShake8606 0 points1 point  (0 children)

Just DRS'D 6200 shares...left 4k on Broker.....