Italia77
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Dear Customer,
On September 28, 2021, the new SEC amendments regarding Rule 15c2-11 impacting certain OTC securities classified as Grey Market, Pink No Information, and Expert Market will take effect. This rule will prohibit broker dealers, like TradeStation Securities Inc, from displaying any bid/ask quotations for any issuer’s securities who fail to provide the public reporting requirements set forth by the SEC. Please be advised you have been identified as a client who holds or has held one of these positions. The amendments were created to provide investors with a higher degree of transparency by making certain information about the issuer and security current and publicly available prior to being quoted. Due to these changes, there will likely be a reduced number of market makers for these securities making it more difficult to liquidate your positions.
Beginning August 28, 2021, TradeStation Securities, Inc will not accept any buy orders for any impacted OTC securities described above and all GTC buy orders will be cancelled. Customers will still be able to place closing orders or submit transfer requests for the impacted securities up until the effective amendment date of September 28, 2021. Closing orders will be subject to the following restrictions:
You must not be an Affiliate, Insider, or Control Person of the company
Quotes will not be available
Limit orders only
Beginning September 28, 2021, customers will no longer be able to open or liquidate any positions in these impacted OTC traded securities at TradeStation Securities Inc. Customers will see no bid/ask quotations for any security impacted by this rule change and will be limited to transferring your open positions. Please note that holding any existing positions in these impacted securities could impact your ability to sell at a later date and with minimal market information.
On September 28, 2021, the new SEC amendments regarding Rule 15c2-11 impacting certain OTC securities classified as Grey Market, Pink No Information, and Expert Market will take effect. This rule will prohibit broker dealers, like TradeStation Securities Inc, from displaying any bid/ask quotations for any issuer’s securities who fail to provide the public reporting requirements set forth by the SEC. Please be advised you have been identified as a client who holds or has held one of these positions. The amendments were created to provide investors with a higher degree of transparency by making certain information about the issuer and security current and publicly available prior to being quoted. Due to these changes, there will likely be a reduced number of market makers for these securities making it more difficult to liquidate your positions.
Beginning August 28, 2021, TradeStation Securities, Inc will not accept any buy orders for any impacted OTC securities described above and all GTC buy orders will be cancelled. Customers will still be able to place closing orders or submit transfer requests for the impacted securities up until the effective amendment date of September 28, 2021. Closing orders will be subject to the following restrictions:
You must not be an Affiliate, Insider, or Control Person of the company
Quotes will not be available
Limit orders only
Beginning September 28, 2021, customers will no longer be able to open or liquidate any positions in these impacted OTC traded securities at TradeStation Securities Inc. Customers will see no bid/ask quotations for any security impacted by this rule change and will be limited to transferring your open positions. Please note that holding any existing positions in these impacted securities could impact your ability to sell at a later date and with minimal market information.