Replies to post #17429 on Angel Acquisition Corp (fka AGEL)

[91Caprice]

I have never had that. If that is something new then are shares even available for purchase?

[wdaubie]

Nope If I were you I would change brokers!

[billmick11]

Travler - I've had this same issue and posted about it here and on the APCX board. Zecco uses Penson as the clearing house/MM for their customers. Penson is used by a number of trading firms as well. There is a list of stocks that are not DTC compliant. AGEL and APCX are two such firms. Penson, is no longer covering the fees for non-DTC compliant stocks.
Info on ZECCO-Penson stock clearing restrictions

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62772188

Soon it may be affecting all brokerages! I just read another article on DTC eligibility:

http://www.thelebrechtgroup.com/index.php/publications/tlg-publications/185-<SPAN<; a> style='background-color:yellow;'>dtc-the-final-final-hurdle

and it looks as though new companies need apply for DTC and the fees for eligibility are into the thousands of dollars. In addition, the regulatory commission sometimes refuses to investigate the companies and sits on the applications. Transferring shares to TD Ameritrade or Fidelity is a good temporary solution because they (TD, Fidelity...) may absorb the fees up front but it's only a matter of time before all start-up stocks end up this way subjecting all of us share holders to these types of fees.

I've been using Zecco and am basically happy there, but since this issue will probably spread to I'm not going to change. Just hoping the AGEL gets there act together, or there won't be anyone trading their stock. Just my humble opinion.