Not Ranked
We got a letter from Schwab this week that cites newly created SEC rule 15c2-11 that states that:
After the close of regular trading on August 31,2021, new opening orders will not be permitted for securities that trade on the OTC markets that have not met SEC financial disclosure requirements. Closing orders for these securities will be accepted, subject to market maker participation and availability of quotes.
There are others sections but this one particularly called out CSBI in the letter.
This means that you can't buy Shelby stock any more. You can sell it, provided you can find someone to buy it that somehow isn't affected by the buy restrictions...
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Cheers,
Tony
CSX4005LA
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