Skip to main content

IPO purchase opportunity is denied by the stock broker

Seattle, WA |


I was trying to place a conditional purchase offer for an IPO. Charles Schwab i smy broker. As per the discussion I had with their associates, I met all the criteria to participate in this particular IPO purchase.

When I tried for placing a standing order from their website, it denied saying that I am not eligible and did not give any specific reason why I am not eligible.

I would like to consult an attorney as I strongly believe that they unfairly denied my purchase request.

Attorney Answers 1

  1. Dear Sir or Madam,

    Do you have any damages? Has the stock started trading? Is it trading higher than the buy in price? Generally, for a breach of contract case, one has to "mitigate your damages." What that means is that you may have to purchase the stock after a reasonable period of time and sue based on the difference in price of where you could have bought in and where you did buy in. There is a lot of information that has not been provided.



Criminal defense topics

Top tips from attorneys

What others are asking

Can't find what you're looking for?

Post a free question on our public forum.

Ask a Question

- or -

Search for lawyers by reviews and ratings.

Find a Lawyer

Browse all legal topics