What can an investor do who purchased stock of an OTCBB company, and the company was placed on the restricted purchase list by either AmeriTrade or E-Trade, do to be compensated for their loss?
Answer:
The investor should request a copy of their account statement be sent via the U.S. mail detailing all activity in their account.
Contact your broker and confirm that a "purchase" of your buy order was executed each time you bought shares in the restricted company.
Confirm that on each buy order the "actual" shares were placed into your account rather than merely being "credited" to your account.
Once the account statement is received confirm with your account representative that all activity in your account is reflected on your account statement, be sure to get the name and record the date and time the contact was made.
Document each attempt that was made to purchase shares in the restricted company.
Contact us at investor_relations@mindspring.com with details of your account to be added to the list of shareholders for our litigation team.