News Focus
News Focus
Followers 13
Posts 3186
Boards Moderated 0
Alias Born 06/30/2009

Re: The Beyonder post# 36635

Thursday, 11/03/2011 6:05:55 PM

Thursday, November 03, 2011 6:05:55 PM

Post# of 47856
LOL here is the Zecco reply:

"Thank you for contacting Zecco Trading.

I understand how you feel and sincerely apologize for the inconvenience. With regards to your inquiry, EMXC is current on the Non-DTC eligible securities list. It requires physical settlement when you sell. Therefore, it can cost $200 to $700 a transaction. MPIX is currently DTC eligible. You can trade the stock online. However, I do not guarantee that the high cost will not apply because the eligibility of a stock can change overtime. If before trade settlement, the security becomes Non-DTC eligible, the fee can apply. Please note that when you trade low-priced securities, you may face risk of illiquid buy-ins and potential fees assessed for settling transactions due to DTC ineligibility. For more information about buy-in of sell transactions of low priced securities and Non-DTC eligible fees, please refer to our Help Center at https://www.zecco.com/help/trades-orders.aspx#nondtcfees.

Mr. Quattrini, if you wish to continue trading EMXC, you may want to contact Customer Service Department at 877-700-7862 or at 818-459-4591 for assistance. A Customer Service Representative will be more than happy to assist you.

I apologize for the inconvenience this may have caused. Should you have any further questions, please reply to this message or contact Customer Service Department at one of the above mentioned numbers."


I don't know how, but I will definitely have these transferred to Scottrade account. I'll manage. It is insane.

People, if you are investing in either MPIX or EMXC, make sure you are not with Zecco!

Disclaimer:
Everything you read from me is under the usual IMHO.

Do your own DD as I am not responsible for any decision you may take reading my guts feelings...

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today