DD Support Board and Research Team

[janice shell]

In the case of reverse splits, some brokers--not all--charge a $20 fee to clients affected by the action. It always annoys shareholders; they feel it's adding insult to injury. The money is simply deducted from their accounts.

I don't know what corporate actions the fee is attached to, or whether it's something TDA does. But probably clients don't mind if they make money on the action; they only complain if the action goes against them, as reverse splits do.