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14/07/16

15:47

Post #: 18270732
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Originally posted by traderforever ↑

Anyone here heard of a supposid ASIC rule that people aren't allowed to have more than 6 buy or sell orders? I got an error message recently with Openmarkets when trying to place an order then emailed them. I asked them to point me to the ASIC site but they said "it doesn't exist written anywhere. ASIC just say the words and if they are not happy with how the broker enacts hey will fine them. ASIC in the past 6- 9 months have flexed their muscles. And most brokers now are just tightening their limits."

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is that on one stock or all stocks?
thanks
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