Also, please ask TDA where exactly does it say tha
Post# of 11040
(Total Views: 358)
Posted On: 11/21/2022 11:19:38 PM
Also, please ask TDA where exactly does it say that you are restricted to close out your positions because of the rule
SEC Public Release (Rule is on the right side of the page)
https://www.sec.gov/news/press-release/2020-212
Rule
https://www.sec.gov/rules/final/2020/33-10842.pdf
Page 235
Page 241
The rule does not imply positions have a restriction to close!
There is no notice from FINRA that suggests this action either. FINRA is the only entity to enforce a restriction. Even the SEC cant do it because CRGP is not under suspension.
Put it all in writing and note their response just in case future litigation is required for resolution.
This can be considered a breach of fiduciary responsibility with misleading directions and misappropriate custodial handling of your personal property.
Reference
Supreme Court Case
MERRILL LYNCH, PIERCE, FENNER & SMITH INC. v. MANNING
$13
$CRGP
SEC Public Release (Rule is on the right side of the page)
https://www.sec.gov/news/press-release/2020-212
Rule
https://www.sec.gov/rules/final/2020/33-10842.pdf
Page 235
Quote:
broker-dealers will be restricted
from publishing quotations for securities without publicly available paragraph (b) information,
which would likely push trading activity in these dark issuers’ (i.e., issuers that do not make their
information publicly available) securities into the grey market.689 The lack of a quoted market
could curtail the trading activity of retail investors, making such securities less attractive to
perpetrators of fraud. Therefore, these new requirements could deter fraudulent activity related
to quoted OTC securities. Investors could benefit from decreased exposure to investment losses
as a result of diminished frequency of fraudulent activity in the OTC market.
Page 241
Quote:
Lastly, the
amendments do not restrict investors from trading OTC securities without quotations on the grey
market, and so investors will continue to be able to trade OTC securities of dark issuers.
706
The rule does not imply positions have a restriction to close!
There is no notice from FINRA that suggests this action either. FINRA is the only entity to enforce a restriction. Even the SEC cant do it because CRGP is not under suspension.
Put it all in writing and note their response just in case future litigation is required for resolution.
This can be considered a breach of fiduciary responsibility with misleading directions and misappropriate custodial handling of your personal property.
Reference
Supreme Court Case
MERRILL LYNCH, PIERCE, FENNER & SMITH INC. v. MANNING
$13
$CRGP
(0)
(0)Calissio Resources Group, Inc. (CRGP) Stock Research Links
U.S. Constitution
"The Preamble
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
Oath
"I solemnly swear to support and defend the Constitution of the United States of America"
The Flag
"I pledge allegiance to the flag of the United States of America, and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all."
"The Preamble
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
Oath
"I solemnly swear to support and defend the Constitution of the United States of America"
The Flag
"I pledge allegiance to the flag of the United States of America, and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all."
Quote:
If the broker-dealer fails to deliver for 13 days, the regulation imposes a “close out” duty to purchase and deliver securities “of like kind and quantity.”
https://www.bloomberg.com/opinion/articles/20...ify%20wall
https://www.scotusblog.com/case-files/cases/m...v-manning/