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Rich

01/07/15 11:33 PM

#27122 RE: sta loose #27121

R/S, results are delivered electronically
and w/o notice via email etc...
The resulting qnty will automatically appear on your acct pg, once the reverse splt has taken place.
There's usually a brokerage fee/charge for the transaction/transfer of those shares!
Scottrade charges $20/cash for the process.


Not neccesarily. I've been through 2 reverse splits from the same fully reporting company and each time, I received notice. Been through others and there was never a notice. At least JP gave everyone notice, I suppose.

TDA doesn't charge for splits. Each broker has their own pros and cons. TDA doesn't charge for splits, IME but, ST does. ST may let you buy a stock that's on the chill list, whereas TDA won't. Just depends on the broker.