Herborium Group Inc (HBRM)

[jkp34]

Results of my $20 R/S fee refund attempt with ScottTrade: for the benefit of others.

[Long story short: they refunded me $10.37 of the $20 fee.]

I called and they said that this is not their fee, but one imposed on them. I said that people with other brokers did not see a $20 fee and they were unmoved. I asked for a refund and he said he'd talk to his boss and see. He came back and this was the offer he made me:

The HBRM shares in my account were only worth about $17 post-R/S (I had only put in about $60 total because that was all I had in this particular account, so a took a small flyer).

Anyway, he offered to sell my shares for the $17, charge me the $7 trading fee (putting my account at -$10 with the $20 fee) and then they'd eat the difference and put my account back up to $0. I took it.