Do I need to get rid of stocks before SEC Rule 15c2-11 goes into effect?
Asking specifically about VEGYF.
Here’s what I was sent a few months ago:
"What these changes mean for you
Starting September 28, 2021, you will no longer be able to buy or sell “Pink No Information” OTC securities through E*TRADE. Other restrictions related to the purchase of these securities may apply sooner. Please keep in mind that the upcoming changes will negatively affect the value of any “Pink No Information” OTC securities you hold now or in the future."
I am still new to trading, so I appreciate any advice.
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September 14, 2021 at 12:21AM