Logging In/RE: Brokerage
No, I am no insinuating that at all. It happens all the time with online brokerage houses. You do not keep money in the account and there is a fee for some form of activity and they have the option to sell shares you have in the account to pay the fees. What they get for them is fair market value. They in turn give any access to the client.
I am not making any accusations about what they done, because it is in the agreement that you sign when you open the account. But, they do put the shares in their vault for future reference.
Wyatt
The opinions expressed here, are mine and mine alone, unless otherwise specified. Please do your own research before investing. My name is Wyatt. Ol Doc, Morgan, Virgil and I approve this message.