Author Topic: pink sheet/ small cap stocks  (Read 678 times)

mjm

  • Newbie
  • *
  • Posts: 37
pink sheet/ small cap stocks
« on: August 09, 2019, 06:32:25 AM »
fidelity will not let me trade certain illiquid/ pink sheet-type stocks.  can anyone recommend an online broker that will permit such? thanks


NoCalledStrikes

  • Full Member
  • ***
  • Posts: 142
    • No Called Strikes
Re: pink sheet/ small cap stocks
« Reply #1 on: August 09, 2019, 08:18:21 AM »
Currently, TD Ameritrade is reasonably pink friendly these days, but years ago they weren't (for me). IB is hit or miss, but won't let you transfer them in (unless you bring over 5M in assets).  In my experience, broker policy changes without rhyme or reason, so best to have accounts at a few different brokers.  There is probably no best broker for pinks, just least bad ones.  Until recently, Merrilledge was making me call in to place orders (of shares I had bought through them!), but a couple months ago, they starting letting me place those orders online again. Its random.

Saluki

  • Full Member
  • ***
  • Posts: 153
Re: pink sheet/ small cap stocks
« Reply #2 on: August 09, 2019, 11:52:08 AM »
Merrilledge makes me get an authorization code for certain stocks that are international but thinly listed in the US (Fairfax and Fairfax India US listed shares), and certain smaller companies even if they are not pink sheet companies (Intrepid Potash). I put in the order, it sends a code to my phone and I have to enter it manually.  The one time I owned a company that did so badly that it became a pink sheet company, I had to call to be able to sell it. A bit of a pain, but not enough to  make me switch brokers.
If it's important, do it every day. If it's not important, don't do it at all.  -Dan Gable

Gregmal

  • Hero Member
  • *****
  • Posts: 1884
Re: pink sheet/ small cap stocks
« Reply #3 on: August 09, 2019, 12:06:03 PM »
Find an introducing full service brokerage firm that clears through Axos(formerly Cor) Clearing. You can buy all the obscure pink sheeters your heart desires over there.