Are there any OTC stocks brokers that allow to trade any symbols without restrictions? E-Trade, IB, Fidelity etc. are not allowing to trade those stocks which are marked as Caveat Emptor.
Brokers that allow to trade OTC stocks marked as Caveat Emptor ?
- Thread starter PatientlyTrader
- Start date
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 transactions only and no opening transactions will be allowed for these securities. Any existing opening orders will be canceled but you may close out any open positions or continue to hold. You will not be allowed to add any new positions in these securities unless the Caveat Emptor designation is removed by OTC Markets Group.
I have accounts at Schwab, and I was able to place a trade in a Caveat Emptor stock today. The stock I traded was on the list that Schwab put out. The stock I bought had over 200 MM of volume today, so there was liquidity there. I don’t know if that had anything to do with it.