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[QUOTE]Originally posted by Mr Bill: [QB] In a letter AT sent me they claim that a company or TA can direct them to do just about anything (whether legal or not) and they can proceed to do so (whether legal or not) because the company or TA told them to do so. The letter suggests that the company (MAMG) or it's TA could instruct brokers to liquidate/exchange/redemption/no redemption of MAMG stock and then AT could just "act in accordance". The letter also implies regulators have no say so- the company or TA can act independantly of regulators and that alone is adequate for a broker to take such action. Specifically.... If shares are deemed null and void by the company, transfer agent, regulators, or the courts Ameritrade would remove the position from your account. This removal could include liquidation, exchange, redemption, or no redemption at all. So.... They seem to be saying a company can sell shares and then just say "just kidding" we really didnt sell you those shares they are null and void. [/QB][/QUOTE]
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