I got this email from E-Trade today. Dig into the list of companies
https://www.otcmarkets.com/research/stock-screener
(check the Caveat Emptor box)
Effective November 21, 2020, ETRADE 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. ETRADE 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 additional 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.
Read more about the OTC Markets Group Caveat Emptor designation
https://www.otcmarkets.com/research/stock-screener
(check the Caveat Emptor box)
For more information regarding Caveat Emptor securities and the new trading restrictions beginning November 21, 2020, please click here.
As always, it is our privilege to serve you.