Just wanting to vent a little and see if anyone else is having the same problem. I use Etrade and have a small account with Scottrade but rarely trade in it. I have run into the same problem several times lately.
I place an online buy order only to receive a message that says online opening orders for this security can't be accepted at this time. For help with your order please call #########. I'm not talking about pink sheet stocks. This has happen with stocks in all of the big three exchanges. The last two times I haven't fooled with calling the order in and both times the stock went on to gain 20% or more.
I know I could call and that part is my fault but my opinion is I shouldn't have to call. Its my freakin money and I should be allowed to place any order I want. If I want to buy stock in a Snow Removal company located in Miami Florida I should be able to. I know they say they are trying to protect their customers but I'm tired of people trying to play big brother and look out for me. I don't need the federal government and I sure don't need Etrade looking out for me and telling me how to spend my money.
Anyone else have this problem?
It's MY freakin MONEY!!!!
) with eTrade. I am wondering if they are required by SEC to restrict online transactions in companies with suspicious trading activity to protect themselves legally?? The explanation given to me involved that line of discussion from their rep to me. I was just as aggravated as you and also said screw it because it was too much trouble to call every time you wanted to buy or sell that equity.
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