I disagree, 212 have shown no willing to communicate updates or steps they have taken to try and resolve this issue for us customers. They have ignored requests within this thread for further explanation.
If its out of their hands fair enough, but at least communicate any actions or correspondence they taken to try and resolve the issue with IBKR. It would at least feel as if they were trying to sort the situation even if their hands are tied.
If they are progressing this with IBKR in the background, and IBKR are holding up any updates, theyâre hardly going to come out and pan their vendor publicly over it. Thatâs bad business management.
And I canât think of a single company that would divulge the details of their day-to-day operations (and thatâs what vendor management is) to their customers. Iâve worked in Ops for plenty of companies, itâs not a done thing.
No news here ?How long should we wait ?
Donât know, did you noise up IBKR like I suggested above or did you do nothing?
To be honest I did nothing . I was waiting for somebody to post an update on the situation here .
Like I said here, we really need to put the pressure on IBKR to resolve the matter with T212. If they got hamered with as many queries as this thread does, perhaps theyâd give a clear steer the next time T212 asked them what the latest on this matter was.
Letâs see what sort of pressure has been put on IBKR since my above suggestionâŠ
0 voters
If we flood IBKR with requests, would T212 get in trouble because of us?
And is this whole thing solely because of IBKR, or someone one else is putting pressure on them to restrict T212?
@Joey_Fantana with all due respect I am a 212 customer, not an IBKR customer. Yes by proxy we are IBKR customers but reaching out to them will probably end in them directing us back to 212 for updates.
Itâs 212âs responsibilitly to respond to it customers and give updates, yet they have decided not to do so in this thread for a while now.
Also even if hundreds of people reached out about this issue to IBKR, its no hardship for IBKR to copy and paste a standard reply back to those people saying speak to 212, and I doubt it would progress the situation further.
Now if 212 thought it would make a difference I might try it. But 212 donât wish to update us further.
@VicVega - T212 are the client in this relationship, IBKR are the vendor, so Iâd be surprised if there was any trouble. Most likely a pointed discussion at their next Service Delivery call, but to be fair T212 would be well within their rights to respond with âwell best pull your fingers out and get this matter resolvedâ.
@Scott - I get what youâre saying but as I mentioned in my earlier posts I DID contact IBKR and they DID point me back at T212, which is fair enough. But from IBKRâs perspective there is only one client asking them for updates about this: T212. Itâs their account with IBKR and they are only one voice.
However if we assault IBKR directly - even if we are hit with cut and paste responses - at least then they get a sense of the actual number of clients (by proxy) they are impacting.
Having sat in plenty of vendor service delivery meetings, I know how things can rumble on for months and months with a âcarry overâ action, and this sounds exactly like that. So if the monthly response from IBKR is âthere is no changeâ, then thatâs all youâre going to get from T212. The wording they donât wish to update us is not quite accurate in my view. Iâm pretty sure theyâd love to put this issue to bed.
Please note I hold no restricted instruments and have zero stake in any of this.
Iâm just trying to help those that are by suggesting proactive ideas that cost them very little time.
Penny stocks have now been suspended for nearly 6 months, my investments have completely disintegrated and Iâm sure many other investors have had the same issue. When will this suspension be lifted as I would like to purchase more.
There is no reason for these to still be suspended there is no increased validity anymore.
If your investments have disintegrated, perhaps you need to revisit your stock picking criteria, and entry point. Why have the stocks you have picked fallen in value, when most global stocks have risen?
The FTSE All World index has returned 13.5% year to date, and comes packaged in various ETFs/currencies.
Itâs never a good idea in 99.9% of cases to chase dead investments by adding in more expecting to win it back.
Absolute rubbish. Lots of OTC buyers were doing so for very short term gains. That will have (in most cases) far out performed ETFs. Theyâre volatile stocks. Most wonât have been buying them as a long term investment. Something that the restrictions have forced upon the investors.
Donât be condescending.
Aside from that it boggles my mind why 212 wonât let investors sell their holdings. Restricting buys makes more sense but really they should be placed in close only.
They ARE placed in close only.
LLKFF isnât. Its âtemporarilyâ suspended. Not close only.
The suspension is on buying. So itâs the same thing as close-only.
You can sell if you like. No one can stop you from selling unless the regulator, the SEC, or another higher power has frozen dealing on the company. In that instance though, the broker has no choice but to comply.
