Friday, September 17, 2010 11:15:25 AM
Scottrade is usually the last to get dividends out of everyone so I doubt my shares woudl eb tradeable before yours. Also I just got the classic "not my job" answer from scottrade regarding what happens for TVCOR shares when they merge with SCFR and the restirction placed upon it.
Dear Dean:
Here is information on TVCOR about which you were inquiring:
Scottrade does not handle restricted stock. The client will need to contact the company/agent for any information about the restriction. The average time frame for a restricted stock is 1-2 years, client needs to contact the company for exact date the restriction will be removed. Once it is removed they will call their branch and the branch will call Physical Transfers for the next steps the client will need to take to get the unrestricted shares.
Here is some more information on Restricted Stocks:
Before you mail the certificate to us, please either fax or email both front and back copy of your certificate to us. Our fax number is 314-543-6178, email address: a pi@scottrade.com. If we have verified that your stock is not restricted, then you can endorse the certificate and mail the stock certificate to us. Please make sure you use the most secured delivery method to prevent lost. You can also choose to sign a separate Stock Power to deposit your stock certificates without endorsing the certificate. Please complete the Stock Power form and send it in a separate envelope to us. After we receive both your Stock Power and stock certificates, we will process and deposit them into your account.
For immediate assistance, please contact your local branch office. Contact information is available through our Branch Locator.
Please let us know if we may be of further assistance
Dear Dean:
Here is information on TVCOR about which you were inquiring:
Scottrade does not handle restricted stock. The client will need to contact the company/agent for any information about the restriction. The average time frame for a restricted stock is 1-2 years, client needs to contact the company for exact date the restriction will be removed. Once it is removed they will call their branch and the branch will call Physical Transfers for the next steps the client will need to take to get the unrestricted shares.
Here is some more information on Restricted Stocks:
Before you mail the certificate to us, please either fax or email both front and back copy of your certificate to us. Our fax number is 314-543-6178, email address: a pi@scottrade.com. If we have verified that your stock is not restricted, then you can endorse the certificate and mail the stock certificate to us. Please make sure you use the most secured delivery method to prevent lost. You can also choose to sign a separate Stock Power to deposit your stock certificates without endorsing the certificate. Please complete the Stock Power form and send it in a separate envelope to us. After we receive both your Stock Power and stock certificates, we will process and deposit them into your account.
For immediate assistance, please contact your local branch office. Contact information is available through our Branch Locator.
Please let us know if we may be of further assistance
