Top Five Daily Small Cap Trading List: Bitcoin Shop, Inc. Genco Shipping and Trading Ltd. Creative Edge Nutrition, Inc. L&L Energy, Inc. Vape Holdings, Inc.

4/28/14 9:24 AM ET (PR NewsWire)

The volume in the OTC markets was top heavy going into the end of last week's trading as we enter the final trading week in April. Profit taking was also evident as some stocks which were higher on Friday morning finished the day in the red.

Bitcoin Shop (OTC: BTCS) had a good day's trading to close the week higher on Friday by more than 30% on the trading day. There is a good chance we will see follow through in this week's trading as the stock closed very close to the highs of the day. After trading at around $5.00 at the start of the year this stock has been in free fall up to this point, but looks ready to make a charge back possibly to resistance around the $2.00 level as trader's bottom feed.

L&L Energy (OTC: LLEN) followed up on its big up day of 47% by starting the day well and trading higher. We did see some profit taking towards the end of the day with the stock closing slightly lower by 8%. Overall shares in L&L Energy had a good weeks trading with $2.5 million exchanging hands on Friday.

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Vape Holdings (OTC: VAPE) was another company that had a volatile weeks trading with big up days and down alike. The stock did hold up well to close the week only down by 17% after doubling in trading on Thursday. The volume had increased over the course of the week and was one of the heaviest traded stocks on the board. We expect that volume to continue this week as traders look to play the ranges on this one.

Creative Edge Nutrition (OTC: FITX) also finished the week higher after a strong volume day on Friday trading almost $3 million on the day. Shares closed higher by 9.9% and very close to the highs of the day which leads us to believe we could see a good follow through on the stock this week.

Genco Shipping and Trading (OTC: GNKOQ) traded heavy volume to close the week on Friday higher by 2.75% on around $6.5 million traded. After hitting a low back in March the stock has been edging higher this last month, proving that you can turn a trading profit even with a bankrupt company. We have seen the two best examples of this over the last year with shares in Fannie Mae (OTC: FNMA) and American Airlines (OTC: AAMRQ). Please note American Airlines has now merged with US Airways.

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SOURCE Super Stock Profits

Moving Your Brokerage Account

By Gerri Walsh, Senior Vice President, FINRA’s Office of Investor Education On April 15, 2014

In BetterInvesting, BetterInvesting News, BetterInvesting Weekly, 
Business & Finance, Business trends for the investor, Equity Market, Financial Education, Financial Literacy, FINRA, Investing, Investing News, Investment Education, Investment Trends, Personal Finance, Retirement Planning, Wall Street Every now and then investors transfer their securities accounts from one broker-dealer to another. While the transfer process usually runs smoothly for most of the thousands of accounts transferred every year, delays occasionally occur. Here are answers to five questions that’ll help you better understand brokerage account transfers.

1. How are accounts transferred between broker-dealers? Most transfers these days are automated. Broker-dealers transfer customer accounts through the Automated Customer Account Transfer Service (ACATS), operated by the National Securities Clearing Corporation. Securities accounts that hold the most common assets, such as cash, stocks and bonds of domestic companies and listed options, are easily transferable through ACATS.

2. How does a customer begin the transfer of an account? To initiate the transfer process, you must complete a Transfer Initiation Form (TIF) and send it to the brokerage firm where you want to transfer your account. This new firm, called the receiving firm, can provide you with this form. Once the receiving firm gets the TIF, it starts the transfer process by getting in touch with your current broker-dealer, known as the delivering firm, via ACATS.

3. What’s involved in the account transfer process? Although automated, the transfer process is somewhat complicated, and certain protocols and regulations must be followed. Once the receiving firm obtains the TIF, it enters certain customer information into ACATS, including the name on the account, Social Security number and account number at the delivering firm. Shortly thereafter, ACATS automatically lets the delivering firm see that a request to transfer the account has been made. The delivering firm has one day to validate the transfer request. In order to prevent the unauthorized transfer of an account, delivering firms will reject any transfer request that contains certain data provided by the receiving firm that doesn’t match the information in the delivering firm’s records — for example, the customer’s name or Social Security number. If the account request is rejected, the new firm may correct the customer data or contact the customer to make sure the information on the TIF form is correct. Once the customer account information matches, the transfer request is considered to be validated. The delivering firm then has three business days to transfer the account. This is known as the delivery process. In total, the validation and delivery process generally takes about a week to complete. After the transfer request is validated, the delivering firm sends a list of assets in the account to the receiving firm via ACATS. The receiving firm then reviews the list to decide whether to accept the transfer of the account. Investors should remember that broker-dealers are not required to open or accept the transfer of an account, or every asset in the account. The credit policy of new firms is the most common reason they reject the transfer of an account. For example, the new firm may decline an account because of the quality of the securities supporting a margin loan or the account doesn’t meet its minimum equity requirements.

4. How long does it realistically take to transfer an account? Many actions occur simultaneously when a securities account is transferred. Even with today’s technology, a successful transfer from a customer’s former firm to a new firm usually takes about a week to complete. But certain situations may result in additional time needed to transfer an account. If the delivering entity is not a broker-dealer, such as a bank, credit union or mutual fund, then a transfer likely will take more time. Also, transfers that require a custodian, like an Individual Retirement Account (IRA) or a custodial account for a minor child, might take longer to process.

5. How can a customer ensure that the account transfer is successful? For starters, it’s always a good idea to review the account transfer process with the new firm before you consider moving your account. Make sure the new firm is a good fit for your account. Find out if there are any specific policies or constraints at the new firm that might affect the transfer of your account. For example, if you have a margin account, ask the new firm if it will accept it, and if so what are the minimum margin requirements. If you buy and sell securities during the account transfer process, this often complicates and delays the transfer. Some firms will even freeze an account that is in the process of being transferred. This means that no trades will be permitted until the transfer is completed. It’s important to discuss the trading procedures with your current and new firms before initiating a transfer. It’s best to avoid any trades while your account is being transferred. If you hold any volatile stocks that concern you during the transfer process, you might consider selling them before you request a transfer. FINRA is the largest independent regulator for all securities firms doing business in the United States. Its chief role is to protect investors by maintaining the fairness of the U.S. capital markets.

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Finra Examining Trading in Puerto Rico Bonds -- Update

Today 4:29 PM ET (Dow Jones)Print

By Mike Cherney and Al Yoon

The Financial Industry Regulatory Authority is examining trading in Puerto Rico's newly sold $3.5 billion bond issue, according to a spokesman for the Wall-Street-funded self-regulatory group that oversees broker-dealers. The move comes amid concerns that the new bonds--which carry junk ratings--are being improperly sold to individual investors. The bonds' prospectus says the debt will be issued in minimum denominations of $100,000, unless Puerto Rico's credit rating is upgraded, but some recent activity shows the bonds trading in amounts as low as $5,000. Smaller trade sizes are more typical of individual investors. Finra's inquiry also comes on the heels of similar scrutiny from the Securities and Exchange Commission over how broker-dealers allocate newly sold corporate bonds to investors. The SEC recently asked some banks for information on how they divvy up the new debt among buyers and how they traded those bonds after the sale. "It's not shocking that there's a concerted focus on bonds and bond-related issues," said George Friedman, a former senior officer at Finra who left the organization last year. Thought of by investors as being safe and secure, municipal bonds are "going to get Finra's attention" given that Detroit filed for bankruptcy last year and the recent financial troubles in Puerto Rico. Mr. Friedman said Finra could levy fines if broker-dealers were found to violate securities regulations. A rule from the Municipal Securities Rulemaking Board states that dealers "shall not effect a customer transaction" that is "lower than the minimum denomination of the issue," with certain exceptions. The smaller Puerto Rico trades were reported earlier this week by The Bond Buyer. Puerto Rico sold the debt last week to help prop up its budget, giving officials more time to jump-start the economy and deal with persistent budget deficits. Island officials had been laying groundwork for the sale for months, which was made more challenging after Puerto Rico's outstanding debt tumbled amid investor worries about the island's financial health. Puerto Rico's bonds have traded lower this week after a frenzy of trading pushed the prices as much as 7.5% higher the day after the sale. The bonds on Friday traded at 92.5 cents on the dollar, below the offering price of 93 cents, according to the Municipal Securities Rulemaking Board's EMMA website. Investors and lawyers said the typical minimum denomination for a municipal bond is $5,000, though it is not surprising that Puerto Rico, with its financial troubles, had a $100,000 minimum. Since the minimum denomination was in the prospectus, "I don't think bonds smaller than that should trade in the secondary market," said Kathy Bramlage, a director at Treasury Partners, a unit of financial-advisory firm HighTower Advisors. "It does make you wonder" how the trades were completed, she said. Making the trade size contingent on ratings is unusual, and suggests the writer of the documents intentionally meant to prevent trades to small investors, said Kenneth Potts, a portfolio manager at Samson Capital Advisors. "It strikes me as a potential liability for dealers that traded it" in the smaller sizes, he said. "I think that an individual would have a strong case if they wanted that trade broken." Write to Mike Cherney at mike.cherney@wsj.com and Al Yoon at albert.yoon@wsj.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires (END) Dow Jones Newswires March 21, 2014 16:29 ET (20:29 GMT) Copyright (c) 2014 Dow Jones & Company, Inc.