Notice On Trading Sanctioned Companies

[HappyTrader]

Anyone else get a notification that if you are a US person you are no longer permitted to trader certain sanctioned companies from China?

I knew there were sanctions, but did not know they would penalize smaller investors who hold a few shares of these companies.

Anyone know if this will cause problems to non-US persons residing outside of the US?

 

[JSOP]

Anyone else get a notification that if you are a US person you are no longer permitted to trader certain sanctioned companies from China?

I knew there were sanctions, but did not know they would penalize smaller investors who hold a few shares of these companies.

Anyone know if this will cause problems to non-US persons residing outside of the US?

Finally somebody is doing something to protect small investors from being defrauded by scam Chinese companies!!

 

[HobbyTrading]

I did not receive such a notification. Could it be that IB has only sent this to customers who actually hold such shares?

 

[kiwi_trader]

My other broker notified HSI traders by raising margins to infinity. For non-us customers too.

IB make a distinction between US based and ROW customers fortunately so theres no general notifications but I expect the systems will deny you access if your country does.

 

[HappyTrader]

I did not receive such a notification. Could it be that IB has only sent this to customers who actually hold such shares?

I believe you have to hold the shares. The header of the notification said something about due to the fact that I have the shares ... etc. etc etc...

 

[HappyTrader]

My other broker notified HSI traders by raising margins to infinity. For non-us customers too.

IB make a distinction between US based and ROW customers fortunately so theres no general notifications but I expect the systems will deny you access if your country does.

Yes, I believe IB also increased margin on those Chinese stocks to 100%.