$RMHB Can be traded by anyone from around the worl
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Posted On: 05/15/2017 11:11:59 AM
$RMHB Can be traded by anyone from around the world provided they have a brokerage account with a company that allows trades with the American Over the Counter exchange.
Here's a good article about that subject:
http://www.nasdaq.com/article/how-to-buy-stoc...ge-cm73807
"There are a couple of ways investors can go about buying these stocks, depending on their broker.
Some brokers, like TD Ameritrade, require that foreign listed stocks be purchased through U.S. based market makers. This means using the over the counter (OTC) market, and these stocks will most likely be listed on the Pink Sheets.
Other brokers, like E*Trade, Fidelity, and Interactive Brokers allow investors to buy directly on the foreign exchange. First they must convert funds to the currency used in the market that the stock trades. An investor converts U.S. dollars to Canadian dollars (or another currency), then purchase the stock directly on the Toronto or Vancouver (or another) stock exchange.
The best thing for investors to do is call their broker and ask how best to gain access to foreign markets through their brokers system. If they have never purchased an OTC stock through TD Ameritrade for instance, they should call a customer service agent and get them to explain how this market works, and why they use it. They'll find that TD Ameritrade uses a five character code to identify the security. Use the information I've discussed above as a basis for your questions.
Since each broker has its own system it's good to go directly to the source and have the broker explain it so that investors will be informed if and when trading in these securities."
Here's a good article about that subject:
http://www.nasdaq.com/article/how-to-buy-stoc...ge-cm73807
"There are a couple of ways investors can go about buying these stocks, depending on their broker.
Some brokers, like TD Ameritrade, require that foreign listed stocks be purchased through U.S. based market makers. This means using the over the counter (OTC) market, and these stocks will most likely be listed on the Pink Sheets.
Other brokers, like E*Trade, Fidelity, and Interactive Brokers allow investors to buy directly on the foreign exchange. First they must convert funds to the currency used in the market that the stock trades. An investor converts U.S. dollars to Canadian dollars (or another currency), then purchase the stock directly on the Toronto or Vancouver (or another) stock exchange.
The best thing for investors to do is call their broker and ask how best to gain access to foreign markets through their brokers system. If they have never purchased an OTC stock through TD Ameritrade for instance, they should call a customer service agent and get them to explain how this market works, and why they use it. They'll find that TD Ameritrade uses a five character code to identify the security. Use the information I've discussed above as a basis for your questions.
Since each broker has its own system it's good to go directly to the source and have the broker explain it so that investors will be informed if and when trading in these securities."
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