TD Ameritrade puts out list of liquidation only stocks ahead of September 28, 2021 Rule 15c-211 amendments

On September 28, 2021, new amendments to Rule 15c-211 under the Securities Exchange Act of 1934 go into effect to enhance investor protection and improve issuer transparency. These amendments will restrict the ability of market makers to publish quotations for those companies that have not made required current financial and company information available to regulators and investors.

Read: Rule 15c2-11 Compliance Deadline Draws Near

Ahead of the enforcement date,  TD Ameritrade published its list of stocks that will become “liquidation only”.  This list, which is extensive and includes around 5,000 securities, is subject to change. 

Starting in mid-August, TD Ameritrade will only accept orders to liquidate positions – (i.e., no new buy orders) in the 5,000 or so listed securities.

All penny stock investors should take notice, as this will undoubtedly negatively affect the stock prices of all listed securities, especially considering that TD Ameritrade is the second-largest broker with over 11 million users. 


For further information about this securities law blog post, please contact Brenda Hamilton, Securities Attorney at 101 Plaza Real S, Suite 202 N, Boca Raton, Florida, (561) 416-8956, by email [email protected] or visit www.securitieslawyer101.com.  This securities law blog post is provided as a general informational service to clients and friends of Hamilton & Associates Law Group and should not be construed as and does not constitute legal advice on any specific matter, nor does this message create an attorney-client relationship.  Please note that the prior results discussed herein do not guarantee similar outcomes.

Hamilton & Associates | Securities Lawyers
Brenda Hamilton, Securities Attorney
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Boca Raton, Florida 33432
Telephone: (561) 416-8956
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