InvestorsHub Logo
Followers 17
Posts 879
Boards Moderated 0
Alias Born 09/19/2004

Re: Zorax post# 535

Thursday, 02/16/2006 1:53:36 AM

Thursday, February 16, 2006 1:53:36 AM

Post# of 221872
Stockster5,
I'm going into the Scottrade office tomorrow and will ask how much they charge (if anything). I don't think they would charge because the spin off divi shares are not restricted.

I believe they would be like any other company shares that are tradeable, you pay the normal fee for selling or buying.

The reason I believe that is the case is because recently I received two spin offs from MLON (different companies and symbol) that was added to my account and I wasn't charged. These spin off companies can be traded at any time if I want.

In regards to restricted shares, I believe there is a fee and SEC form that has to be filled out at the end of the restriction for the shares to be tradeable. JMO

It's only money

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.