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Re: None

Thursday, 09/03/2015 7:15:59 AM

Thursday, September 03, 2015 7:15:59 AM

Post# of 54903
Thus far it appears etrade is the only broker placing a hold on the divi funds. Etrade got burned badly not long ago on a divi they paid out before receiving the funds and then had to clawback. It is most probably for this reason that etrade was the last US broker, by several days, to pay out the most recent divi and probably why it is now placing divis already cleared and paid on hold...out of an abundance of caution. To be honest, I can't blame etrade for being cautious but I also can't support their most recent action on a divi that was already funded, paid, and cleared. If anything this will make people who trade in OTC stocks hesitant to use etrade in the future and I certainly won't be recommending them.