Quote:
Originally Posted by twobjshelbys
We got a letter from Schwab this week that cites newly created SEC rule 15c2-11 that states that:
After the close of regular trading on August 31,2021, new opening orders will not be permitted for securities that trade on the OTC markets that have not met SEC financial disclosure requirements. Closing orders for these securities will be accepted, subject to market maker participation and availability of quotes.
There are others sections but this one particularly called out CSBI in the letter.
This means that you can't buy Shelby stock any more. You can sell it, provided you can find someone to buy it that somehow isn't affected by the buy restrictions...
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I don't own any CSBI, but I went to one of my TD Ameritrade accounts and it looks like it will let me put in a buy order. I got as far as reviewing the order, but did not hit send to see if it would actually go through. So perhaps Schwab will not let you buy it, but others will.