Unfortunately, due to ongoing regulatory uncertainty in the United States (where Abra is based), all users who currently hold an equity asset will no longer be eligible to hold these assets in the Abra app after December 15th, 2019.
If you hold an equity asset on November 21st, 2019, these assets will go into a sell-only mode. Current and new users will no longer be able to invest in equities after November 21st, 2019.
You will need to exchange or withdraw your equity asset(s) by December 15th, 2019 or they will be converted to bitcoin.
Keep in mind these changes may not be permanent and we'll be sure to issue an update when or if these assets become available in-app again.
Abra apologizes for the inconvenience this may cause and if you have any questions please reach out at email@example.com
IMPORTANT INFORMATION FOR US CITIZENS/RESIDENTS
The equity and index products described below are NOT offered for sale in the United States of America, its territories or possessions, nor to any US person, including citizens of the United States of America, permanent residents of the United States of America (i.e., Green Card Holders) and companies established under the laws of the United States of America. Furthermore, the equity and index products described below are NOT offered for sale in any country or jurisdiction or to any persons where the purchase or sale of such products would constitute a violation of law.
Our current list:
AAXJ iShares MSCI All Country Asia ex-Japan
AGG iShares Core U.S. Aggregate Bond
EEM iShares MSCI Emerging Markets
EFA iShares MSCI EAFE
EWA iShares MSCI Australia
EWJ iShares MSCI Japan
EWU iShares MSCI United Kingdom
EWW iShares MSCI Mexico
EWZ iShares MSCI Brazil
FXI iShares China Large-Cap
GLD SPDR Gold Trust
GOVT iShares U.S. Treasury Bond
GSG iShares S&P GSCI Commodity-Indexed Trust
INDA iShares MSCI India
IWM iShares Russell 2000
QQQ Invesco QQQ
RSX VanEck Vectors Russia
SPY SPDR S&P 500
TIP iShares TIPS Bond
USO United States Oil Fund
VEA Vanguard FTSE Developed Markets
VEU Vanguard FTSE All-World ex-US
VGK Vanguard FTSE Europe
VNQ Vanguard Real Estate
VTI Vanguard Total Stock Market
VTV Vanguard Value
VUG Vanguard Growth
VWO Vanguard FTSE Emerging Markets
VYM Vanguard High Dividend Yield
XLF SPDR Select Sector Fund - Financial
XLK SPDR Select Sector Fund - Technology
XLV SPDR Select Sector Fund - Health Care
GE General Electric
JNJ Johnson & Johnson
JPM JPMorgan Chase
PG Procter & Gamble
UPS United Parcel Service
XOM Exxon Mobil
AXP American Express
BRK.B Berkshire Hathaway (Class B)
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ZION Zions Bankcorporation
FDEF First Defiance Financial Corp
COG Cabot Oil & Gas Corp
DB Deutsche Bank AG
All investments involve substantial risk of loss. All trading strategies are used at your own risk and you are responsible for the financial resources you utilize. If the market moves against you, you may sustain a total loss of the initial amount you allocated to the investment. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks, you should seek independent advice from your financial advisor.
Why do I not have access to Stocks and ETFs?