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UCPC SEC Suspension:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75547630
You should send a written complaint to your broker and send a copy to FINRA
330k @ 0007 ???!!
mine are out my account !! grrr damn !
There have been several that were "reinstated" after the July 31 list, also.
That whole deal is very messed up.
It was on the original list:
#msg-38347146
UCPC Unicapital Corp. Common Stock
-
But was removed when the final list came out July 31.
If you want to do your own research, use the ftp site
#msg-40210757
Not sure... interesting...
that's what I thought, maybe that list was a fake?
Wasn't this stock supposed to be deleted? Wonder why it is still trading??
My broker toke mine out my account foetsie +600k shares !
Wouldn't that be sweet...
shorts covering?
That is one reason why I thought the volume was interesting...
Decent volume here today...
That's a good one, I missed it.
mastercard ;)
What's MC?
I have another one, BISA.
is that the only one you have that's under that policy?
Today, after all of these months without any stated policy, Zecco sends this email:
Thread-Topic: Worthless Security
Thread-Index: AcnP8COVZQQyp1pyRRCMd7TaNOHcgg==
From: "Customer Service" <customerservice@zeccotrading.com>
Dear Investor:
The Depository Trust and Clearing Corporation (“DTCC”) deems a security worthless and non-transferrable when a security does not have a transfer agent or Company contact for a period of six years or more. DTCC will charge all Zecco Trading customers for holding worthless and non-transferable securities monthly.
Each month, DTCC furnishes a list of all security ids (CUSIPs) that are worthless and non-transferrable. The report is compared to trading activity for each CUSIP. In some cases, a security may be trading, but is still deemed worthless by DTCC. The accounts that hold a CUSIP deemed worthless or non-transferable will be charged a fee of $7.50 per CUSIP per month unless Zecco Trading receives a written request to sell this position to worthless. You will need to send that request directly to Zecco Trading for receipt by the 22nd to avoid that month’s charge. All accounts that hold a CUSIP deemed worthless or non-transferable will be charged $7.50 per CUSIP per month at the end of each month. To request a worthless security to be removed from your Zecco Trading account:
Print and fill out a Request for Disposition of a Nontransferable Security form
Send it to Zecco Trading:
Fax to (626) 529-7077 -or-
Email to customerservice@zeccotrading.com* -or-
Mail to: Zecco Trading, PO Box 60670, Pasadena, CA 91116, USA
If DTCC receives information that a new transfer agent is assigned to the security, they will re-instate the position and we will do the same for the account.
Sincerely,
Zecco Trading, Inc
did you ever get back those shares from zecco? nasty close .0001
Not that it matters, but I had a disturbing dream about an hour ago, so I got up and finally logged into Zecco a few minutes ago.
My shares of UCPC have been restored as of 4/16/2009 with a T symbol, which means cancel sale in Zecco talk.
Dealing with brokers is like dealing with the devil!
Go UCPC!!!!!!
they might be short, scotturd normally calls if something weird is about to happen but it hasn't gotten to that point of weirdness---just taking client's shares for no reason
at least they should give you your money back
what's brewing? hopefully not coffee
so since early sept, you have been fighting with them? unbeleivable. you should complain with SEC and BBB :)
Zecco did this in the dark of night, without any warning or notice after the fact:
Something brewing here !!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
But i don't know wat ??????????????????????????
1. You mean you did not sell any?
2. you paid commission or you paid the charges (something like $135)
I bought and sold CHGI and got charged $135. so i am not sure which tracation incurred the charge.
thanks.
1 NO
2 ? I paid for them when I initially purchased them.
3 I still am fighting them for the return of my shares.
1 Did you ever sell any of your UCPC shares? If yes, did you get charged by Penson for $135?
2 Did you get charged for buying UCPC?
So you just let it go? I read someone successfully fought for similar situation with Zecco.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32041050
Also you may contact UCPC to let them apply with DTC to make it eligible
thanks.
They took my shares of UCPC, and gave me nothing!
That answers #1
#2 I don't really know, but it has to do with the way a company dishes out it shares, obviously not through Cede.
#3 Zecco told me that a list would be made available, but alas, they lied.
It is scary to read your story.. what is the final outcome?
I found some of my holdings are not DTC elgibile, I got charged $135 from the Zecco for selling one of them. very screwed..
1. Will they remove non-DTC elgibile stock from your account?
2. how can an issue become DTC elgibile?
3. How can we know if a stock is DTC elgibile?
Thanks for sharing any info..
002
L2 so thinnnnnnnnnnnnnnnn
001 x 003 , !!
0005 x0007 nite xnite
101,05 etmm)
weird, I still have mine with Scottrade
Not only is it gone,
but if I go all the way back in my account history, there is no record of my ever owning it.
What? Mine is still there, I've never experienced that with any of my holdings with Scottrade
Scottrade has not onlt eliminated my UCPC,
but it does not show up anywhere in my account history.
Now, when I call they can say they don't know what I'm
talking about.
that's the highest single day volume since last year, who's accumulating?
Some1 = buying the 0014 !!!!!!!!!!!!! Hold tight !!!!!!!!!!!!!
that's cheaper, I heard stbp holders is getting charged $30/mo by Choicetrade to maintain it
Simplt outrageous!
I'd get the hell out of there pronto!
After three email exchanges, here is what I got today"
Dear Mr. xxxxxxx,
Thank you for contacting Zecco Trading. After further researching this matter it appears your securities were deemed worthless because it is no DTC eligible. We may reinstate these securities however it will be a $15 fee and $7.50 per month. If you have any additional questions please contact us. I hope you have a great day.
Best Regards,
Heather
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