Replies to post #207 on UNICAPITAL CORP (UCPC)

[monda2frida]

penson is probably the clearing firm for zecco, and penson's "new" policy is to delete "worthless securities". i use lowtrades, and i've been going through this crap every month, and i even pay $7.50 per month per security to keep them in my account, but they still get deleted-frustrating, gl

[sidedraft]

After three email exchanges, here is what I got today"

Dear Mr. xxxxxxx,

Thank you for contacting Zecco Trading. After further researching this matter it appears your securities were deemed worthless because it is no DTC eligible. We may reinstate these securities however it will be a $15 fee and $7.50 per month. If you have any additional questions please contact us. I hope you have a great day.

Best Regards,
Heather

So they stole my shares, but they are now admitting that they are not really gone, simply held ransom. So If I pay their ransom of $15.00 they will give me back my shares, if I pay them $7.50/Mo. to keep them in my account.

Proof positive that the SEC condones criminal activity by brokers, Zecco has kidnapped my shares!