TD Ameritrade will automatically remove certain non-transferable positions pursuant to SEC Rule SR-DTC-2003-09 on a regular basis. This process is not related to the manual removal requests that clients make for non-marketable securities. Clients do not have a choice of having the position removed.
DTC Removal Eligibility
The Depository Trust Company provides a list of securities eligible for removal that is vetted carefully on behalf of our clients.
?The DTC list is reviewed monthly and if it is determined that the security is trading and/or receiving payments, the position is not removed.
?The non-transferrable securities removed by TD Ameritrade do not have transfer services available (and have not for six years or more), and are often inactive and worthless positions.?
?When a security is identified for removal it is a cusip-wide take down.
?There is no charge for this process.
?Once removed, a security cannot be reinstated at client requests.?
If you have any questions or concerns, please contact a Client Services representative at 800-669-3900. We are available 24 hours a day, seven days a week.
Thank you,
Jon Fye
Trade Resolution, TD AMERITRADE
Division of TD AMERITRADE, Inc.
