we also canât overturn a flag when we see one and think that it is fine. which is a bit of a shame as it leaves a bad taste in everyoneâs mouth.
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Yeah weirdly there is an unhide but I donât know what thatâs for as it doesnât unhide a flagged post.
Possibly a discourse bug.
Answers on a PM please if anyone knows.
This does seem a little odd, but it is a two way street right. People should be aware of the risks in any stock they purchase.
That being said, a notice period would be nice if possible, and it might be an idea to summarise the below points going forward:
- What does Penny Stock Exempt Mean?
- How do I know a stock is PSE, and how long it has had PSE status?
- What happens if Penny Stock Exempt status has been revoked - can people still hold and/or sell shares on the 212 platform?
- Should there be an advanced warning, if a share only recently received PSE status before purchase - I.e. it carries a higher risk that it may be removed?
- Is there a regulatory list of stocks when under review - how much notice does IB/212 receive of this, and how much notice does IB/212 receive if status changed, and how quickly could investors be informed, or how can investors monitor themselves?
T212 is regulated by the FCA, they are not allowed to offer Bitcoin ETPs to their retail customers, regardless of where they reside.
Even if it is eligible, no broker is obliged to add any instrument to their platform.
Thatâs not true, you canât create new positions, but you can still sell your shares or hold them if you wish.
This is an exaggeration!
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Iâm sorry you have cost lots of people lots of money here today. No warning or anything. Are we going to be reimbursed what the book value of the stocks weâre holding?
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You still hold the shares and you can sell them whenever you want, reimbursement for what exactly?
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I do believe it is not, as we were not announced about these closures.
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@Venetia1993 We havenât questioned the companyâs OTC/OTCQB compliance or regulatory status. We referred to âpenny stock exemptâ status.
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@David as noted the GAXY was 100% not PSE when it got added. There was about four in total that were added which werenât PSE. I mentioned staff at the time. Lots of threads about this.
So itâs not a case of it was and now isnât.
The only explanation is that the OTC markets website hadnât displayed the PSE badge when it should have been there if it was actually PSE.
I canât find any official information about these having had PSE status, nor them losing PSE status.
Anyway glad to see you back in the forums, would you mind answering a few of my posts and my PM, cheers 
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LoL this post needs to be cleared by mods?!
Edit:
How does this algorithm work?
Whats wrong with my question?
It is a genuine observation and opinionâŚ
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@phildawson Weâre looking for a way to provide access to these stocks. You can be certain that we didnât want to place them in close-only mode out of the blue. Unfortunately, thatâs not only up to us.
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Can people still sell if they choose to?
And can we continue to hold the stocks if we want?
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@David sure, but what Iâm saying I donât think itâs a case they were PSE and are no longer PSE which you have added to the messages. Certainly not for GAXY where I have it screengrabed without the PSE badge back when it was added.
What Iâm saying is itâs my understanding they were accidentally added by T212 (about four of them), and that due the extra regulatory baggage you donât want to actually have non-PSE so you have decided to close them so you donât have to jump through the hoops in keeping them available.
This reads as if they are no longer PSE and itâs being forced on you. Are you saying that IB is forcing you to put them in close only?
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Probably triggered by keyword âsc*mâ
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Iâve decided to hold both ATVK and CBBT. What happens if people do not sell? Does T212 have some sort of power to close down the securities?
@phildawson Iâll double-check the PSE status query since our intermediary did allow trading the security beforehand.
However, the PSE status combined with the recent increase in regulatory investigations of unusual penny stock activity means that we have to place the instruments in close-only mode, at least for now.
@ukheather Yes, selling shouldnât be an issue although orders may not fill immediately. As for holding the stock as long as youâd like - we donât have a reason to believe thatâll change.
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@Sal What do you mean by close down securities? If it were only up to us, we wouldnât even stop BUY orders.
Yeah I warned staff at the time of adding these stocks were not penny stock exempt because they didnât have the badge displayed when checking at OTC markets.
I can fully understand why you donât want to have them anymore.
I can also see using web.archive.org that they didnât have the badge.
https://web.archive.org/web/*/https://www.otcmarkets.com/stock/CBBT/overview
If there was a change of PSE status from exempt to not exempt then there would be some documentation to show this. So I donât think itâs a case they forget to add the badge, and it actually was PSE.
@David PS would you please reply to my other posts (Bloomberg thread of doom), the silver leverage thread, and my private PM. 
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I intend to hold the shares long term. My fear is that these securities may be removed by T212 entirely and I lose everything!
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