Q: Is it legal for a stock brokerage to restrict the purchase of stock? I can sell, but not purchase. Market manipulation?
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 options, only speaking of direct market transactions.
A: It depends on what your customer agreement states. Often the agreements provide broad discretion for the firms to limit purchases of stocks.
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