What does the Order Rejection “Buy orders are blocked as the stock is in watchlist for unsolicited SMS tips circulation” mean?
Buy orders are blocked as the stock is in watchlist for unsolicited SMS tips circulation
In line with exchange regulations and our RMS policy, trade restrictions are placed on the exchange's list of unsolicited SMS stocks. You can keep track of the blocked stocks here. If the stock fulfills the determined liquidity criteria, you may use TOTP to trade in these stocks.
You can check the historical and current exchange list of unsolicited SMS stocks here.
Check out this TradingQ&A post to learn how investing in unsolicited SMS stocks can be detrimental.