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Re: marqik post# 125468

Monday, 05/19/2014 5:42:32 PM

Monday, May 19, 2014 5:42:32 PM

Post# of 148342
That's interesting. It seems as though TDA sets its customers up as "OBO" (objecting beneficial owner, meaning that you don't want your broker sharing your name, address and security position with anyone) by default unless you submit a written notice asking to be adjusted to "NOBO" (non-objecting beneficial owner). I did find a reference to this via Google.

I've confirmed with Scottrade that customers (such as myself) are set up as NOBO by default, and they will release your name, address and security position to requesting companies unless you submit a written notice to be OBO.

This may explain why PVEC does not have some (if not most) TDA customers' address information in hand. Changing your status is not necessarily something your broker volunteers to you; it may require digging on the customer's part to find this out.

I wonder what the default status is for Schwab, Fidelity and ETrade customers?