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Beware Charles Schwab if you own penny stocks !

Posted by Alex Valdor @ 23:04 on January 4, 2022  

I have a considerable holding in Scorpio ( sub-ten cents/share for some time now ).
If you click on the stock symbol you get a fairly accurate picture of the trading price to four significant decimals , but in calculating the total value of shares , some clown is rounding down to two significant digits at the pre-open report , which skews the next day’s pre-open stated gain or loss for prior EOD significantly .
I lost money on this stock today but my EOD report shows a gain. The other day showed a loss when it was actually a gain . Also this individual (or computer software) does not understand rounding . For example , a closing price of $0.0784 would not be rounded up to $0.08 , but instead rounded down to $0.07 .

At least now they allow limit pricing on trades to more than +/- a full cent per share .

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.