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.

5 Answers

Relevance
  • 8 years ago
    Favorite 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
  • Anonymous
    3 years ago

    1

    Source(s): Make Money Investing in Stocks http://teres.info/TheTradingCode
  • 8 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

    Penny stocks are prone to violent fluctuation (volatility), many people believe that they'll luck out with a stock that will jump from $0.08 to $8 in two weeks. And it's happened. Learn here https://tr.im/OAepk

    Scour enough investing message boards and you're sure to find success stories from investors who made a mint while "playing the pennies."

    Companies that can successfully make the jump from penny stock to power stock are rare, but when you find them they pay out in spades. Numbers vary quite a bit in the penny stock world, but investors have raked in gains over 1,000% in a couple weeks' time. The real trick is finding the right stock.

  • How do you think about the answers? You can sign in to vote the answer.
  • 5 years ago

    Hello,

    You should try with Penny Stocks Trading (you can find more info here: http://pennystocks.toptips.org )

    Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share.

    I've been subscribing to this PennyStock web site for about a year now and have loved the objective advice they give. He really does look for quality stocks and I've made some pretty nice profits on a lot of his suggestions. Being still fairly new to investing I have been dabbling a lot in penny stocks to try and grow my account. I may not have a big account, but it's a lot bigger than it was a year ago. On just one of Nathan's picks this year I managed to make my investment back ten-fold! Be careful! Penny stocks are notoriously risky but if you follow the right method the risk is almost 0. I suggest to invest only little money first and then reinvest the profits. This is the site I'm using: http://pennystocks.toptips.org

    Hope it helps.

Still have questions? Get your answers by asking now.