scottrade restricted stocks list

[ckny]

Does anyone knows where I can find list of the stocks Scottrade has set restrictions on for trading? I can not find it any where from the web site? I have Scottrade account, and there are a lot of stocks that Scottrade is restricting me from buying over internet. I may leave Scottrade soon. Any suggestions?

[strattmk]

I would suggest Etrade maybe

[DogDayTrader]

Does anyone knows where I can find list of the stocks Scottrade has set restrictions on for trading? I can not find it any where from the web site? I have Scottrade account, and there are a lot of stocks that Scottrade is restricting me from buying over internet. I may leave Scottrade soon. Any suggestions?

I had the same question a while ago when I went looking for the list to see if some stocks I was researching were on the blacklist. Below is my communication with their support staff.

ME:
Received: 12/20/09 12:47:07 PM CST
To: Scottrade Customer Support <support@scottrade.com>
Subject: Trading

I can no longer find your long list of stocks with clearing restrictions. Where did it go?

THEM:
Reply Date: 12/20/2009 1:47:05 PM
Subject: Re: Trading

Dear Investor:

Thank you for your e-mail.

Some stocks over $6.00 per share may be held to higher maintenance requirements. You can view this list of stocks under the 'Scottrade Messages' section of your online account.

It is labeled, "Stocks Subject to a Higher Maintenance Requirement".

Please let us know if you have further questions.

Sincerely,

Jenn Horton
National Service Center
Scottrade Inc.

ME:
Received: 12/22/09 1:44:50 PM CST
To: Scottrade Customer Support <support@scottrade.com>
Subject: Re: Trading

Thanks for your response. I am talking about the stocks that were listed on the "Clearing Restrictions" list. There were two lists one that was titled "No Buy/Sell Only" and one that was titled "No Buy/No Sell" they were mostly (if not completely) comprised of pink sheet and OTC stocks like BIEL, ASFX. I can't seem to find the list anywhere.

Thanks

THEM:
Reply Date: 12/22/2009 2:44:49 PM
Subject: Re: Trading

Dear Investor:

Thank you for your e-mail.

The list you are referring to has been removed from our web site. We do apologize for this inconvenience.

Please let us know if we may be of further assistance.

Sincerely,

Zak Meyerkord
National Service Center
Scottrade Inc.

As you can see they did not go into an explanation as to why the list was removed. A few weeks ago when I went enter a trade for APPA I was instructed that I had to call my local branch office to place the order. I called them up and was able to place the order at the "internet" price as they called it. Hope this answers your question.

DDT

[brushbuddy]

i use td ameritrade and the tools are great.loke think or swim.