Replies to post #253620 on Blum Holdings Inc (BLMH)

[Ronin]

YEP! $68 fee from eTrade! For what??? NADA!!!

One rip off after another with this stock!

[grizzlyman69]

YEP.TDA,I think it was $38.I remember having one with Scottrade once upon a time for another company.

[AC7880]

ally dot com did not charge me a reorg fee. I doubt the reorg fee goes to TRTC, it is probably your broker billing you and pocketing the cash.

If you have a regular trade history with your broker ask them to waive the fee. Many brokers will waive the reorg fee for their regular customers.

[why_meil]

TD Ameritrade charged my account $38 for the TRTC stock split.

Back when my account was still Scottrade, before TD Ameritrade acquired them, stock splits cost me $15.

So TD Ameritrade is more expensive on reog fees, but they're so much cheaper than Scottrade was to trade penny stocks. Scottrade added a 1/2% of the principle amount being traded to the flat $6.95 fee to trade stocks priced below a buck. And that 1/2% really added a lot to the cost to trade a large position. For example, to trade $10k worth of a penny stock it used to cost me $56.95 ($6.95 + (.005 * 10,000)). Now the same trade costs me $6.95, a $50 savings.

I was pleasantly surprised to see TDA only charge the flat $6.95 fee even on penny stocks.