OTC IPOs, Mergers & Other Material Events

[Big Brother]

I think I should have been given the option to pay the additional handling fees for being non-DTC eligible and been able to keep my shares....if I did not want to pay, then they could reverse the trades. The company had sent me all the necessary paperwork from the transfer agent, to manually re-register the shares in my name but it was too late.

Folks need to be extremely careful, to ensure that anything you trade this year is DTC eligible, if your using TDA. Part of this was my mistake for not checking with the company first, as there was no DTC information on OTC Markets. I knew better, that should have been a red flag for me but I just assumed that since they let me trade it, it likely was as TDA blocks trades on most non-DTC eligible securities.