Is this good news? Or is this a neat little trap that's been set for the unsuspecting? Per my last post, TAEC has been going gangbusters; up to as high as .23, and currently at .17.
But my broker (Zecco) has indicated that horrendous fees may be attached to the sale of it, since it might not be DTC eligible. All I get from the broker is form letter responses to my inquiries, and their replies all go round in circles.
Is this DTC eligibility crap just another shell game between the DTC institution and various brokerage firms to lure investors in and then penalize them with outrageous fees when investors go to sell? I still don't know, but it kinda looks that way.
You buy in and there's no warning about DTC eligibility. But you go to sell and suddenly there's a warning that you might be snookered with a huge fee. I don't get it. Anyone have input on this matter? Has anyone sold successfully without incurring fees?
