Do any online brokers accept OTC stock positions?
I have positions on zecco but am unable to sell them because zecco no longer has that ECN thing for them, so I need to find another broker that I can use to transfer these positions to and sell them.
- A nobodyLv 78 years agoFavorite Answer
I agree with "Common Sense" Zeco should be able to sell the stock for you. Just call their customer service area and they should take care of it.
Since most penny stock or other junk stocks are not DTC eligible, it is next to impossible to deliver the physical certificates since ACATS uses DTC. You're only way out is to try to have Zecco deliver physical certificates to you (if they have the right domination's) and then you could deliver them to another broker/dealer who would accept them. You could ask Zecco to deliver them to you in street name.
Welcome to the world of penny stocks. People will never learn, any fool can buy them, but they're very hard to sell.Source(s): from the street
- Anonymous3 years ago
1Source(s): Make Money Investing in Stocks http://teres.info/TheTradingCode
- Common SenseLv 78 years ago
Give the symbol so people can check their brokers. As poor as Zecco is, I find it hard to believe they can't help you sell a position (unless it's some type of penny stock with little to no volume). If you purchased a low liquidity penny stock....... then I guess you got what you deserve.
- 4 years ago
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Scour enough investing message boards and you're sure to find success stories from investors who made a mint while "playing the pennies."
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- 5 years ago
You should try with Penny Stocks Trading (you can find more info here: http://pennystocks.toptips.org )
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Hope it helps.