Replies to post #276612 on The Golden Lounge

[Zorax]

Oh jeez. That means it's going to cost me twice what I put in for two accounts. Is this because the company didn't cover the split costs themselves and the brokers pass it on, or is it just a criminal act by brokers to keep making money on something that didn't cost them a cent to do?

[ottoman]

TDA is the worst. not only a $38 mandatory reorg/corporate-action fee, but it's only commission free on big-board stocks. Penny stocks (OTC, pink, greysheets are standard commission (I think $6.95)

turd sandwiches!

Too much competition out there for that


Go with Schwab. Commission free on everything. They seem to have the least restrictions on trading: They allow trading on most everything, including all pinksheets, greysheets, and no reorg fees.

TDA will eventually be merged into Schwab from what I've read.

[Zorax]

Yep, 38 bucks gone from TDA with the NDYN and at the same time they decided one of my other penny junk was worthless, well, it is buttt, 100K shares cost basis 56.00 and they wiped those as well.

Somehow I don't think they should be able to keep even a penny of our cost to buy a stock by declaring it arbitrarily worthless and pocketing our cost.

I'm checking my other accounts right now.

[Zorax]

Check this out, did I get hit twice by eturd? What's sweep insurance? I don't recall authorizing that. Looks like both accounts are double dipping.

TDA is stating I have a margine call on my cash account of 38.00, but I had some cash in there too.
Eturd:
Date Type Description Categories (hide) Amount ($)
08/07/20 Reorganization 200 VININGS HLDGS INC COMMON STOCK SHRS... 0.00
08/07/20 Reorganization 1 NAERODYNAMICS INEW COMMON STOCK CON... 0.00
08/07/20 Reorganization NAERODYNAMICS INEW COMMON STOCK CONTRA CUSIP ... -38.00
08/07/20 Sweep EXTENDED INSURANCE SWEEP DEPOSIT ACCOUNT 38.00
08/06/20 Reorganization 1 NAERODYNAMICS INEW COMMON STOCK CON... 0.00
08/06/20 Reorganization 100 NAERODYNAMICS INC 1:40000 REVERSE S... 0.00
08/06/20 Reorganization NAERODYNAMICS INC MANDATORY REORG FEE CHARGED -38.00
07/09/20 Sweep EXTENDED INSURANCE SWEEP DEPOSIT ACCOUNT -92.09

[Zorax]

NDYNd is moving between .20 and .50 so far today.