Broker Detective Blog

joshcreek2002 asked:


I recently applied for an account with TD Waterhouse because I wanted to try and make some extra money through the stock market. I then receive a letter a few days later stating that my account was closed due to bad credit. The company is not taking any risk on me investing my money. They are not extending me a line of credit and the fees would come out of the money deposited. Its not like the phone company where they provide you a service then hope that you pay for it after you have already used it. I am not asking the company, “can I please borrow some money to buy stock?”. I am giving them money to invest it for me. It is hard enough to try and get ahead especially when your credit history decides whether or not you can try and make some extra money.

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Igotwomen asked:


Are Charles Schwab customer not allowed to short trade, which I hope means that you buy a stock and sell it a few days/weeks later at a higher price for a short term profit. I was thinking of doing this with my Schwab account but Im not sure if its allowed due to the economic uncertainty.

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