YDx Innovation Corp V.YDX.H

Question for the board

[newbieforever]

Was trying to purchase some stock today of YDX and i kept getting messages saying that This security is not eligible for purchase within registered/TFSA accounts.. can someone tell mke why.. thks for your time

[Alpha007]

It's a CRA mandate only qualified investments (Stocks) can be held in a registered account, really the only qualifation is it must be listed on major exchange IE TSX, NYSE, NASDAQ, so that is really the only limitation of a security that is eligible to be held within a TFSA, however some mutual/ETFs even though listed on major exchanges might not be eligible due to other guidelines, there

[BigDohCAD]

try questrade or TD. They don't seem to have those issues. Looks like your brokerage is flagging some tickers for registered accounts. To the best of my knowledge, just pink sheet isn't allowed.

[Alpha007]

Umm don't try that it is not an "issue".....if another brokerage allows it in a registered account it will likely just result in a tax penalty from CRA equal to 50% of the market value at date of purchase. If it's not qualified there is no way around it. But hey if you wanna try and not get caught by CRA go right ahead, I'm just a stranger

[Doinitmyway]

As long as it's a designated exchange it's fine. Of which Tsx-v and Cse are both. No worries

[stevesss]

3 times this year I wasn't able to buy unless I phoned the bank. for permission?? Theses 3 buys went 10X value shortly after. I didn't buy them but suspected it is a banks way of stock manipulating. Seriously

[e36drifter]

As with all digital things, there's delays, marginsf or error, etc. I know that some of the other trading platforms (ie: interactivebrokers, questrade) don't seem to have these sorts of issues. If you're losing out on those types of opportunities, I'd highly suggest finding a platform that doesn't inhibit you're abiity for those types of returns (..or any type of return).