I was able to buy this particular stock in the pre-hours, but once the market closed I was unable to purchase more of the identical stock. I can, however, sell my already purchased stock (at a loss). How is this not someone choosing to make me a loser by locking me in where I am?
No... Read more »
answered on Jan 29, 2021
It depends on what your customer agreement states. Often the agreements provide broad discretion for the firms to limit purchases of stocks.
answered on Nov 17, 2020
Sam is a 100% correct. You should review your brokerage account agreement.
I would like to withdraw a portion of it but was told it needs to be held there for ten days due to possible money laundering???
answered on Oct 13, 2020
It depends on what your customer agreement states. Most firms have broad discretion to hold onto funds if there are AML issues. You may want to be very active with your broker to find out what is happening.
I have my 401K and a 529 account with Charles Schwab. I opened a new acct on the 25th of Sept to attempt to trade. On the 6th they blocked my account for "fraudulent" reasons and the investigative team we supposed to call back within 48 hrs to discuss the matter. After several calls for... Read more »
answered on Oct 13, 2020
This is a major problem. You may need to think about hiring counsel to deal directly with Schwab, especially if you have open options positions.
answered on May 1, 2020
That's terrible. I recommend that you find an attorney in Texas to help you. There is an organization called PIABA made up of lawyers who represent investors. Here is the website. https://piaba.org. You can search for a local lawyer on the website. Good luck.
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