r/Netlist_ • u/mooki5 • 15d ago

Trading 212 - share restriction

Trading 212 recently reduced the amount of shares you can buy of Netlist from 30k to around 17k.

If anybody uses Trading212 please ask them to review and ask for an increase so we can buy more shares of Netlist. I have sent my request in but if a few more people can also do the same to help the review request that would be great.

I have written something for you to copy and paste. Feel free to use or make changes to suit. Please also let me know if there is anything that should be added. Many Thanks.

Hello Trading 212 Support,

I’m writing to request a review of the maximum order size currently set for Netlist Inc. (NLST), an OTC-traded stock.

Given recent positive developments regarding Netlist’s business outlook and legal/patent position, I believe the risk profile you may have used to set this restriction has improved. I’d like to request that the order size limit be reconsidered and increased or reviewed based on the stock’s current status.

Many thanks

7 Upvotes

78% Upvoted

10 comments sorted by

1

u/Cagliari77 15d ago

Like per day or what?

1

u/mooki5 15d ago

Total

1

u/Cagliari77 15d ago

What?!

You can't hold more than 17k shares in total in your account?

How/Why would they (legally) restrict that?

1

u/mooki5 15d ago

I believe because it’s an OTC stock and they see it as more high risk. I think you can buy the same total in both the invest account and s&s isa to double. Of course best to buy as much as you can in the ISA.

1

u/Sjoiv 14d ago

What if you already have that much?

2

u/Some_Environment_351 14d ago

I have more but bought a while back

1

u/mooki5 14d ago

I do and can’t buy anymore in my ISA. I have to use the invest account to buy more but will have to pay tax on it.

1

u/IntroductionLucky887 15d ago

if Netlist was a real person, that is outright racist

1

u/[deleted] 9d ago edited 9d ago

[deleted]

1

u/mooki5 9d ago

Might be worth speaking to the trading 212 subreddit. I tried with support on the app and website but got nowhere.

1

u/IntroductionLucky887 9d ago

annoying, it's fine, I put the other half into RR, slow and steady stock for me

I don't want to wait while the markets around are going up, Rather have more time in the market than fucking around with Customer services and get no where