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Does your Brokerage have limits on certain Stocks you can buy?
Posted on 9/2/23 at 8:31 pm
Posted on 9/2/23 at 8:31 pm
My Brokerage doesnt allow me to buy any type of stock related to Cannabis. If i try to buy a stock/etf related to it i get this error: Error: The security entered is restricted from trading. Also noticed if i try and buy SVOL etf it says this is also restricted from trading. I wanted that one because of the dividend but i guess that isnt happening either. Anyone else restricted from buying certain stocks/etf's online?
2
Posted on 9/3/23 at 8:59 am to FLObserver
Change brokers. They are providing a service to you that you are paying for.
Posted on 9/3/23 at 10:50 am to FLObserver
Some brokerages also avoid trading in leveraged ETFs. It's called "bad business."
Posted on 9/6/23 at 6:51 am to RoyalWe
quote:
Some brokerages also avoid trading in leveraged ETFs. It's called "bad business."
They would argue it’s called risk management. If a sleeve of products are going to generate .5% or their revenue but 20% of their complaints, for example, then they’re going to restrict those investments.
I’m making up those numbers obviously, but that’s their logic.
This post was edited on 9/6/23 at 6:54 am
Posted on 9/6/23 at 11:39 am to slackster
quote:Fair enough.
I’m making up those numbers obviously, but that’s their logic.
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