I have an account with Merrill and I'm trying to buy shares of several ETFs. Every single one of them produces the following message and refuses to allow me to place the order:
Trading of this security is generally not permitted on the Merrill platform as it carries unique risks, as further described in the prospectus. Merrill maintains a Block List for certain Exchanged Traded products and this has been identified as one of them. This order has potential for volatile performance and/or significant tracking error and may have higher expense ratios, lower liquidity or higher risk of fund closure than other similar funds in the same peer group.
These are not particularly volatile ETFs. I'm trying to buy broad market ETFs that track large, mature sectors of the economy. This is so weird. I don't even know how else I can buy these ETFs.
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