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souzagotcha

02/16/06 1:53 AM

#536 RE: Zorax #535

Stockster5,
I'm going into the Scottrade office tomorrow and will ask how much they charge (if anything). I don't think they would charge because the spin off divi shares are not restricted.

I believe they would be like any other company shares that are tradeable, you pay the normal fee for selling or buying.

The reason I believe that is the case is because recently I received two spin offs from MLON (different companies and symbol) that was added to my account and I wasn't charged. These spin off companies can be traded at any time if I want.

In regards to restricted shares, I believe there is a fee and SEC form that has to be filled out at the end of the restriction for the shares to be tradeable. JMO