Allstocks.com's Bulletin Board Post New Topic  New Poll  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » General Investing Topics » Worthless Stock Certificates

 - UBBFriend: Email this page to someone!    
Author Topic: Worthless Stock Certificates
Zeker
Member


Icon 1 posted      Profile for Zeker     Send New Private Message       Edit/Delete Post   Reply With Quote 
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  |  IP: Logged | Report this post to a Moderator
Bob Frey
Member


Member Rated:
4
Icon 1 posted      Profile for Bob Frey     Send New Private Message       Edit/Delete Post   Reply With Quote 
Transfer the account to a new broker should be the cheapest way.
Posts: 3417 | From: Cleveland, Ohio | Registered: Jan 2000  |  IP: Logged | Report this post to a Moderator
roger7485
Member


Rate Member
Icon 1 posted      Profile for roger7485     Send New Private Message       Edit/Delete Post   Reply With Quote 
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  |  IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is not enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  New Poll  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share