Why was my stock purchase rejected on TD Web broker?

External question — Personal Finance Stack Exchange Author: Philidelphia Collins Original post: https://money.stackexchange.com/questions/151141 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. I am attempting to purchase 6,000 shares of a micro cap company listed on the TSX-V exchange. Total shares outstanding 120 million Shares float 30 million Bid .34 0 lots Ask .395 0 lots I understand there are no shares available at the moment, so I placed an order on TD Web Broker for 6,000 shares with a limit at .395 but it got rejected. I was under the impression the order would sit in the system until a seller decided to fill it.. What am I missing? EDIT: I adjusted the order to .40 and this time it was cancelled instead of rejected Thx