I really want to buy some Signature Bank shares but seem to be facing a lot of difficulty. Has anyone bought any and if so via which company? AJ Bell won't allow them in my account so I opened a Trading 212 account specifically to get some but they will only allow me to sell them for some strange reason & not buy them! Any help would be gratefully received.
Afaik you're right you can only sell the otc pink shares with a limit order as you say.I assume they are bought by registered professionals.Afaik folk are betting on the FDIC assets that weren't sold with deposits to currently struggling New York Community Bancorp (NYQ:NYCB) leaving some returnable distributable cash to the shell company shareholders.I know you can buy distressed crypto assets, such as FTX claims, on claimsmarket (https://claims-market.com/)Maybe there's a similar site for other such assets.It's sounds niche and difficult to assess risk/reward valuation wise although, unless you have deep knowledge of the specific relevant US bankruptcy laws and the particular, in this case new york multifamily residential market (including large scale rent controlled, which apparently noone including property experts know well the market price in the current interest rate environment).
