Digital Broker has clarified the list of securities for possible forced sale

The investment company “Digital Broker” will be able to forcefully sell clients’ securities, the position value of which does not exceed $50, and the place of storage is Freedom Finance Europe LTD. This is stated in updated version agreements for servicing brokerage accounts and maintaining individual investment information systems, which are valid from September 15.

“The new regulations provide the company with the right to close small client positions in foreign securities with the ticker “.US” in an amount of less than $50. This decision is due to the difficulties of supporting corporate events on such securities,” they clarified. “RBC Investments” in company.

Initially, it was assumed that the broker could, at his discretion, draw up a list of securities, positions on which could be forcibly closed. Earlier agreements stipulated that such assets must be held by Freedom Finance Europe and the value of the portfolio position must not exceed $100.

From July 3 “Digital Broker” introduced restrictions to withdraw client funds in euros to accounts in Russian banks, as well as in credit institutions in several countries. An exception was made for Raiffeisenbank. July 31 broker spent forced currency conversion on customer accounts.

Laura Keffer