What are non-tradable securities?
We use the term 'Non-tradable securities' when our third-party broker is not able to execute a sell order for certain illiquid securities in your investment account. This happens when these securities do not have an active secondary market or it is difficult/impossible to trade them over the counter for a prolonged period of time. Non-tradable securities are typically expected to be and remain near or entirely worthless.
If you have open positions in Non-tradable securities at the time your investment account is closed, you agree, as part of our Terms of Business, to have these securities removed from your account. This allows for the closure of your investment account. However, this also means that any proceeds arising from a potential future sale or liquidation won't be credited to you, but will be donated to charity.
You can see our Terms of Business here.