why cant i sell this stock?
$Evolve Transition Infrastructure (SNMP.US)$
why when i try to sell this stock, it says trading suspended to close
why when i try to sell this stock, it says trading suspended to close
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Moomoo Lily : Hi, @moomoo Buddy Please assist. Thanks!
Moomoo Buddy : Dear customer, this is a PTP stock, As a result of the IRS (Internal Revenue Service) regulations on the withholding tax on PTP securities, considering the complexity of withholding tax, Moomoo SG has decided to make the following trading arrangements (which may be adjusted from time to time based on the latest developments):
● From December 5, 2022, we will stop accepting transfers of PTP securities into Moomoo SG. You can still transfer PTP securities out of Moomoo SG without transfer fees. Please send a transfer request to clientservice@sg.moomoo.com.
● From December 12, 2022, opening positions in PTP securities will not be supported.
● From December 26, 2022, closing positions in PTP securities will not be supported, with the last trading day being December 23, 2022.
● From December 26, 2022, opening or closing positions in PTP securities or options will not be supported, with the last trading day being December 23, 2022.
For details, kindly click the link. Withholding Tax on Publicly Traded Partnerships (PTP) Securities and Trading Arrangements-moomoo Help Center
Have a nice day!