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Friday, December 14, 2018 6:38:03 AM
ANOTHER class action is what would be going on. If TD-Aturd had my GCAN dividends.
There Fees are absurd and Made up B.S. I hear TD=ATURD wants $655 to let there clients start the restricted legend removal from there GCAN clients dividend that have been made effective by Finra to trade.
E-trade did it for free for there client's and schwab only charged $80. With other brokers We where able to trade our gcan dividend the first day it started trading about 3 months ago. TD -aturd is holding there clients dividends hostage for absurd most likely illegal fees.
I heard TD claims $400 of the fee is for the T/A which is a lie. The T/A did not charge me or my broker a fee.
I would Get them to put those fees in an Email and then call a securities lawyer and ask him will he go after tda with another class Action. where the lawyer only gets paid when he wins.
TD-Aturd inherited well over 5 million shares of scottrades clients GCAN dividends from the Scottrade buyout. I think it was 5.3 million shares. Scottrade was the biggest holder of GCAN dividends and sold out to TD-Aturd right before they had to be delivered. the timing of That buyout and hold-up smells fishy.
I would be willing to bet Scottrade was short. If this was the case TD-Aturd is stuck. Ether way they can be sued for holding up there client's dividend. The GCAN High was .735 so Far and TD-Aturd keep there Client's from processing there dividends.
5 million x .73 = $3,650,000
Any security Lawyer should want a 3.6 to 4 million Class Action case!
TD clients should be calling lawyers!
https://marketsmuse.com/class-action-aims-at-broker-rebates/
I sold all my nouv stock except 1 share for a nice profit. They can't R/S my 1 share. LOL! I will be adding nouv back after the R/S. If it drops. Most Stocks that R/S drop hard after a r/s.
I inherited PURA as a restricted dividend just like GCAN and have made nice Bank off of both once the restrictions where removed. PURA is a pure bargin at todays price.
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