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I haven’t checked, but Schwab claimed to stop allowing opening orders as of Feb’21 https://content.schwab.com/email/retail/long-term/Schwab-Caveat-Emptor-Sec-List.xlsx By the end of January, any positions held that are impacted by the Caveat Emptor designation will be set to liquidating...

https://www.otcmarkets.com/research/stock-screener/api/downloadCSV?ce=true&sortField=volume&sortOrder=desc

It means you have to get some special number from the SEC and give it to all your brokers. If you’re not swinging that many shares the next year in a single stock, then requirement expires the next year or the following.

Think of it as a margin call on the brokerage firm, not the individuals. The clearing requirements for Robinhood brokerage for settling up the last two days of customer trades depend on the net stock trades and the stock volatility, so you can see how if your customers buy a ton of GME, your...

IBs execution for otc stocks is not very good. The market makers don’t want order flow from smart IB customers and they strong armed IB to make order execution / routing changes for the worse for the customers and better for the market makers.

No charges, no surprise. https://nypost.com/2021/01/19/doj-insider-trading-probe-into-sen-richard-burr-ends-with-no-charges/

According to who? Bass and he’s big short, talking his book? https://www.star-telegram.com/news/business/biz-columns-blogs/baker-ahles-kaskovich/article78941942.html

It’s also worth noting that the marginal margin requirement can be different than the average margin. For example, if you hold $100k and the margin impact to close is $30k, that’s a 30% average margin requirement. But it might be the case, due to concentration or liquidity factors IB also...

Otc isn’t marginable regardless of where you own it. Taxes will be the same likewise. I’d pick whichever broker you think you can get the best, all-in purchase prices or sale price for your trades.

WSJ is worth it at least. ZH is ok for general timely news coverage on some issues you might not see in the mainstream, but you have to mentally filter out all the gold bugs, dollar bears, and predicting the 50th of the last 2 stock market crashes...

Probly around 1pm. Not quick to get these going.

There’s a reason many active traders choose IB, even when all the retail shops have made trading “free”. Because selling your order flow and bad fills cost a lot more than a commission, and when you trade actively that matters a lot. I’m not defending their recent outage, but if you want to...

They’re back up now for me, although I couldn’t connect an hour or so ago.

To be a bit more precise, you couldn’t log in for most of today. Open orders and automatic triggers like profit taker orders triggered fine. I was able to get in to see what had happened just before the Monday close.

Delete your local tws.xml before starting up and then when it asks if you want to restore from a prior day, decline.

Apparently Nasdaq thinks the diversity hires on the boards won’t be smart enough to get away with insider trading and cites this as an advantage to their proposal. https://nypost.com/2020/12/05/why-nasdaqs-latest-diversity-plan-is-hypocritical/

I think you also get more of those deep book windows available simultaneously in TWS for having more assets, lots of trading in the prior month, or paying for quote boosters.

It’s the OCC’s fault you can’t open new positions. If they allowed adjusted options to trade normally, you’d have decent quotes and then stuff like wide spreads wouldn’t screw up IB’s margin calculations.

Newly relevant bit of history - “get woke, go broke”, as they say. https://www.bloomberg.com/news/articles/2019-11-25/when-women-join-corporate-boards-stock-prices-go-down An analysis of 14 years of market returns across about 1,889 companies finds that when they appointed female directors...

Call your broker. It may cost several hundred dollars depending on the situation and fees.