Timeline for Are discount brokers freely permitted to deny client orders for any exchange-listed stock or ETF?
Current License: CC BY-SA 4.0
22 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| S Jul 3, 2019 at 19:12 | history | bounty ended | Chris W. Rea | ||
| S Jul 3, 2019 at 19:12 | history | notice removed | Chris W. Rea | ||
| Jun 28, 2019 at 18:00 | history | tweeted | twitter.com/StackFinance/status/1144666928662929408 | ||
| Jun 28, 2019 at 17:46 | comment | added | Chris W. Rea | @Raj TD Direct Investing (here in Canada) blocks client orders for the Purpose High Interest Savings ETF (symbol PSA) that trades on the Toronto Stock Exchange (TSX). | |
| Jun 28, 2019 at 15:00 | comment | added | Raj | @chris-w-rea can you please list the name of the etf and the Discount broker name | |
| Jun 28, 2019 at 10:40 | answer | added | TripeHound | timeline score: 2 | |
| Jun 27, 2019 at 19:43 | comment | added | Chris W. Rea | @stannius My question is concerned specifically with products that trade on an exchange, like stocks and ETFs. | |
| Jun 27, 2019 at 19:33 | comment | added | Ben Voigt | @stannius: Yes... the $75 fee is a strong discouragement for small trades, but might be overlooked when placing a trade worth a half million. | |
| Jun 27, 2019 at 19:23 | comment | added | stannius | Many brokerages charge fees of up to $75 to buy mutual funds, but discount their own and their partners' to zero fee. Similarly for ETFs, though the fees tend to be lower. Is there really much difference between charging $75 for an investment and prohibiting it altogether? | |
| Jun 27, 2019 at 19:17 | comment | added | Chris W. Rea | @Kevin Interesting, thanks for sharing that example. | |
| Jun 27, 2019 at 18:24 | comment | added | Kevin | Vanguard no longer takes orders for leveraged or inverse ETFs, and I'm sure their lawyers investigated quite thoroughly to ensure that was a legal move. | |
| S Jun 27, 2019 at 16:23 | history | bounty started | Chris W. Rea | ||
| S Jun 27, 2019 at 16:23 | history | notice added | Chris W. Rea | Authoritative reference needed | |
| Jun 27, 2019 at 16:19 | comment | added | Chris W. Rea | This issue was on my radar again recently. Twitter thread: twitter.com/cwrea/status/1144247379744481281 ... May have to answer my own question for the Canadian perspective? So far it's looking like "They probably can't, but do it anyway, and have been getting away with it for some time now." Offering a bounty. Any other Canadians here have regulatory knowledge that applies? | |
| Jun 27, 2019 at 16:16 | history | edited | Chris W. Rea | CC BY-SA 4.0 |
added 23 characters in body
|
| Jun 19, 2019 at 17:05 | answer | added | xirt | timeline score: 4 | |
| May 1, 2018 at 11:31 | comment | added | Bob Baerker | In the US, brokers are obligated to operate in good faith and follow the directives of an investor. "Failure To Execute" can create liability. Brokers can refuse to participate in certain markets (options, futures, crypto, etc.) but it doesn't sound kosher to be refusing to execute an ETF trade, assuming it's not something like shorting an exotic 3X leveraged VIX ETN with margin issues. If you want clarity, contact FINRA (U.S.). | |
| May 1, 2018 at 7:10 | comment | added | TripeHound | Assuming the fund you were after would be allowed to be sold by another broker (as per Freiheit's point), did your broker's Ts&Cs (which you will have read before signing-up) indicate that they may decline to trade in certain instruments for arbitrary or commercial reasons? | |
| Apr 30, 2018 at 22:10 | comment | added | Freiheit | A casual search turns up at least one popular ETF that indicates that they do not always have the ability to be bought or sold through other brokerages: investopedia.com/ask/answers/102815/… | |
| Apr 30, 2018 at 22:08 | comment | added | Freiheit | Are you asking for broad information about brokers denying trades or are you asking for specific information about your imaginary situation? An edit to the question to clarify would help, either focus on the broad question or narrowly on the specific hypothetical. | |
| Apr 30, 2018 at 20:13 | history | edited | Chris W. Rea | CC BY-SA 3.0 |
added 108 characters in body
|
| Apr 30, 2018 at 20:05 | history | asked | Chris W. Rea | CC BY-SA 3.0 |