Jan. 3 at 5:13 PM
$USOI exited my
$14K position yesterday, after Schwab sent me an error message stating to contact the broker to purchase shares while i was attempting to buy. Customer service stated that It was placed on a risk list by the Schwab risk team, due to short list or reasons, which included volatility and halt. He stated i could only sell the shares without purchasing them for a brokerage fee.
The price has been slowly eroding since i originally started my position 2 years ago, but i was hoping to exit sometime when gas/oil prices went back up, whether it was 1 to 5 years from now. It was disappointing to take a loss, but felt like the remaining capital could be used better elsewhere for profits.
Any other brokers limiting the buy of shares?