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Bank Of America Clamps Down On Penny Stocks With Purchase Ban

TedTed
in Fund Discussions
FYI: Bank of America recently told its clients it was restricting the sale of stocks of tiny and unknown companies that trade over-the-counter for less than $5 each, CNBC reported on Friday, citing people with direct knowledge of the matter.
Regards,
Ted
https://www.reuters.com/article/bofaml-pennystocks/bank-of-america-clamps-down-on-penny-stocks-with-purchase-ban-cnbc-idUSL4N1WE5C1

Comments

  • VintageFreakVintageFreak
    They actually banned long time before they announced. I know since I got a Merrill Lynch Brokerage accont.
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