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Kansas Stockbroker Fraud Questions & Answers
1 Answer | Asked in Securities Law and Stockbroker Fraud for Kansas on
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?

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Ross B. Intelisano
Ross B. Intelisano
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.

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