E trade will no longer be allowing Caveat Emptor s
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Posted On: 11/09/2020 2:24:41 PM
E trade will no longer be allowing Caveat Emptor securities.
Effective November 21, 2020, E*TRADE customers will no longer be able to open positions in Caveat Emptor securities due to the risks associated with trading shares in these companies. Caveat Emptor securities currently held in accounts will be set to liquidation only, meaning you may close or continue to hold existing positions but no new or additional positions may be added. E*TRADE will also prohibit deposits and transfers in of Caveat Emptor securities as of the effective date.
What is a Caveat Emptor security?
Caveat Emptor is a designation that OTC Markets Group assigns to certain securities that present particular risks to investors as a result of trading suspensions or halts, undisclosed corporate actions, or investigations of fraud or other criminal activities, among other reasons.
This isn't good for DECN. They will lose a lot of trades unless they get back onto the pinks. People are allowed to sell what they have but will not be able to purchase anymore. Less than two weeks this company needs to make something happen and share with their shareholders or they only dig a much deeper hole.
Effective November 21, 2020, E*TRADE customers will no longer be able to open positions in Caveat Emptor securities due to the risks associated with trading shares in these companies. Caveat Emptor securities currently held in accounts will be set to liquidation only, meaning you may close or continue to hold existing positions but no new or additional positions may be added. E*TRADE will also prohibit deposits and transfers in of Caveat Emptor securities as of the effective date.
What is a Caveat Emptor security?
Caveat Emptor is a designation that OTC Markets Group assigns to certain securities that present particular risks to investors as a result of trading suspensions or halts, undisclosed corporate actions, or investigations of fraud or other criminal activities, among other reasons.
This isn't good for DECN. They will lose a lot of trades unless they get back onto the pinks. People are allowed to sell what they have but will not be able to purchase anymore. Less than two weeks this company needs to make something happen and share with their shareholders or they only dig a much deeper hole.
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