Scottrade changed my warrantsI originally bought T.AAB.WT at .097 and since the warrants closed at 0.10 on Dec 31 I just now looked at my Scottrade account to see what it read. It listed the price of my warrants at 0.057 and showed that they last traded Dec 22 not Dec 31.
Then I saw that they were no longer listed as T.AAB.WT but as ADNLF where they are traded on the grey market which is even smaller than the pink sheet market. Most of my stocks are Canadian companies, so I looked and ALL my Canadian stocks have been changed to the ones that trade on the pink and grey markets. And in each case they are much more thinly traded on those exchanges. I received no notice that they were going to do this. Since I'm an American citizen I have had to trade through Scottrade. Ameritrade doesn't trade Canadian stocks and the larger brokerages don't trade penny stocks. I will have to see if there is some other brokerage in America that trades Canadian stocks that are under $5. Anyone else here been using Scottrade? You might want to look at your account.