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I appreciate any info you can help me with regarding this. I am about to close an account with a brokerage firm, and I was wondering about some stock certificates of mine which my broker is holding: they charge a $25 service fee mailing out the actual certificates. My only other option as far as I am aware of, is to sell these certificates. I have accumulated 12 of these over the past seven years, and my problem is that none of them are worth more than a few dollars, and my broker charges $20 for each trade. As far as I am aware of, I have two poor options: sell them and pay $240 dollars in transaction fees for around $20 worth of stock, or pay $300 to have them mailed to me: do I have any other options? Any input would be greatly appreciated.
Posts: 339 | From: Clearwater, Fl | Registered: Mar 2004
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posted
Hypothetically if you were left with no other options you could just let them keep the certs? I mean I dont know if thats legal or anything but I mean I'm sure they would be willing to throw them away for you. Once again I dont know what I'm talking about
Posts: 609 | From: Bloomington, Indiana | Registered: Feb 2004
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