mandatory reorganization fee td ameritrade

January 12, 2021 4:38 am Published by Leave your thoughts

Fighting Against The Mandatory Reorganization Fee From Td Ameritrade. He didn’t realize that TD was charging for the reverse splits as no other brokerage that we have used charges for them. "mandatory reorganization" fee by my brokerage. TD Ameritrade is a broker that offers an electronic trading platform for the trade of financial assets including common stocks, preferred stocks, futures contracts, exchange-traded funds, options, cryptocurrency, mutual funds, and fixed income investments. i just noticed in addition to the 4.95 im seeing up to 5.95 fees on my penny stocks, what the hell is going on with them, i was going to being over some funds, but this is insane. Do people get charged for forward splits? Last edited by a moderator: Jan 23, 2018. In the past few months TD Ameritrade has changed him the $38 fee 27 times, for a total of $1026 in fees. MANDATORY REORGANIZATION FEE Some of us over on the Disney board were charged the above fee. *My dad is quite old and has poor vision, but he enjoys trading and it gives him a sense of purpose. A $20 fee will be charged to your account to cover this. Also, this is standard across other firms. I have an issue with TD Ameritrade too. So technically its not really a charge we even do, as its a passdown. 2. TD Ameritrade TD Ameritrade Apex™ Mandatory: $38: FREE: Voluntary tender offer: $38: FREE 3 Mandatory and voluntary offers. TD For additional information,Ameritrade reserves the right to pass-through Regulatory Fees, foreign transaction taxes, and other fees to client accounts, which may be assessed under various U.S. regulations or imposed by foreign governments. 4 Plus the subscription cost per share. Message center is through the app? Mine was a 2-1 split though. Ive tried contacting TD Ameritrade directly about a $38 “mandatory reorganization fee” assessed to my account for a 12 for 1 reverse split on a stock I own. TD Ameritrade offers low commissions, but some services require additional charges. Anyone else gotten them? It isn't even easy finding a straight answer on the Fee. Most companies when they realize they actually save money giving you what you want than arguing will cave but you have to be careful. mandatory reorganization that would result in a fee to your account would be company mergers or acquisitions. Replies (2) Share: 0 0. TD Ameritrade is an American online broker based in Omaha, Nebraska, that has grown rapidly through acquisition to become the 746th-largest U.S. firm in 2008. While these actions are not open market transactions, they will require TD AMERITRADE to re-register the affected stock under a new CUSIP via manual entries on your account. 5 This fee varies by options exchange, where an options trade executes, and whether the broker responsible for the trade is a member of a particular exchange. Almost all funds held 90 days or less will be subject to a short-term redemption fee of $49.99. I have gotten 2 in the last week after never getting them before (thanks to Mint.com for alerting me). TDAI 3444 L 08/19 Page 1 of 3 IN-PS Transaction Type Fee Amount Details (if any) TRADING COMMISSIONS – EQUITIES (MARKET AND LIMIT ORDERS): Online – $1 per Share or Higher $16.99 + $0.01 per … I help him with some things related to managing the account. It also provides margin lending, and cash management services.. - Michael . 4/10/2006 2246197410 MANDATORY REORGANIZATION FEE -20 4/11/2006 2247795483 MANDATORY REORGANIZATION FEE -20 4/12/2006 2249397801 MANDATORY REORGANIZATION FEE -20 This is from the Ameritrade help Mandatory reorganization fees are charged when there is a reverse stock split, a mandatory cash merger, or exchange of shares where stockholders have no choice in the reorganization … Reorganization Fees Deposit8: $25 Mandatory9: $20 Non-mandatory and tender offers10: $30 Withdrawal from tender offer11: $10 Duplicate Statements and Confirmations $5 per copy (no charge for electronic documents) Research Fee12 $60 per hour Ive tried contacting TD Ameritrade directly about a $38 “mandatory reorganization fee” assessed to my account for a 12 for 1 reverse split on a stock I own. FEE SCHEDULE1 TD AMERITRADE offers low commissions, but some services require additional charges. Fees are rounded to the nearest penny. There's a transaction on ***** **:**:** MANDATORY REORGANIZATION FEE (*****P***) for $**. ACB - Its a real crap stock at this point and my shares are only valued at about $26. Fees are rounded to the nearest penny. 0 0. If you're not in a rush, use the message center and request a refund. 4 Plus the subscription cost per share. As long as you aren't rude or mean, we like to credit back the first one. It feels like theft by TD. All other marks contained herein are the property of their respective owners. Its a broker fee, not something charged by the reorganizing company. But I don't think that matters. In the past few months TD Ameritrade has changed him the $38 fee 27 times, for a total of $1026 in … My dad* is a fan of buying shares in small pharmaceutical companies that often have reverse splits. Any excess may be retained by TD Ameritrade. My dad* is a fan of buying shares in small pharmaceutical companies that often have reverse splits. Reply. They've always been great to me. If you write a check with your free cash management tools and need a copy of it, TDA charges $15. TD Ameritrade has recently charged me a whoppy $38 for a stock-split ! TD Ameritrade Institutional Standard Fees, Commissions and Limits Note: Fees and commissions may vary by program, location or arrangement and are subject to change upon 30 days’ notice to you. I got charged one as well, was a bit of a shock but after I calmed down I rationalized it as a reasonable charge considering most everything else is free on there. Just found this form as one of the stocks I have just merged and was charged the fee. For the most part, however, the broker is in line with the industry. There doesn't seem to be anyway to get out of the fee. Selling a mutual fund without a transaction fee less than 6 months after purchase carries a $49.99 charge. Advertisements. Back to top. TD Ameritrade Institutional Maximum Fees, Commissions, and Limits Note: Fees and commissions may vary by program, location, or arrangement and are subject to change upon 30 days’ notice to you. Anyone had any success getting these types of fees reversed? Any recommendation, opinion or advice regarding securities or markets contained in such material does not reflect the views of TD Ameritrade, and TD Ameritrade does not … The fees are charged to companies that allow their clients to hold ADRs, such as TD Ameritrade, and then those fees are passed through to the client that owns the ADR. Transaction Type Fee Amount Details (if any) CHECKING/DEBIT CARD: ATM Withdrawal No charge Non-TD Ameritrade fees may apply. But can it be added against the cost basis? I need this restored back to my account, as this fee is a result of shares being split. *The Fund Family will charge fees as detailed in the fund prospectus. 3 Mandatory and voluntary offers. Learn more about corporate action. 2 weeks Fighting against the “Mandatory reorganization fee” from TD Ameritrade Reddit My dad* is a fan of buying shares in small pharmaceutical companies that often have reverse splits. Some absorb it, some don't, and we absorb part of it. The company was founded as Ameritrade in 1971 before the company … In order to help cover the cost of reregistering a security going through a mandatory or voluntary reorganization, accounts are charged a reorganization fee for equity conversions and warrant/rights exercises. Mar 16, 2006 #2 Twice in 2005, companies in which I owned stock underwent a … Reorganizations are very labor intensive and TD Ameritrade is charged fees by the depository for their processing. Certain countries charge additional pass-through fees (see below). GetHuman4106817 did not yet indicate what TD Ameritrade should do to make this right. The fee normally averages from one to three cents per share, however the amount and timing of these fees can differ by ADR and are outlined in the ADR prospectus. Reorganization Fees Deposit8: $25 Mandatory9: $20 Non-mandatory and tender offers10: $30 Withdrawal from tender offer11: $10 Duplicate Statements and Confirmations $5 per copy (no charge for electronic documents) Research Fee12 $60 per hour Does that only happen to reverse splits? Ad. TDAI 3444 L 03/15 IN-PS Page 1 of 2. I tried speaking to TD on his behalf, asking for a refund and the answer was a flat “no.” He will be closing out his trades with TD and switching to another brokerage by the end of the year, but is there any other way we could petition TD to return these fees? He didn’t realize that TD was charging for the. In the past few months TD Ameritrade has changed him the $38 fee 27 times, for a total of $1026 in fees. TDA is great in regards to just asking. TD Ameritrade receives remuneration from mutual fund companies, including those participating in its no-load, no-transaction-fee program, for recordkeeping, shareholder services, and other administrative and distribution services. there was a "mandatory reorganization fee" of $38.00 i'll admit that i was ignorant of reverse splits, but regardless, for such a small valuation, is that a normal fee? FEE SCHEDULE7 TD Ameritrade offers low commissions, but some services require additional charges. Is there some particular place on a 1040 where this fee is supposed to be deducted? All companies have a fee like these I was successful having etrade refunded it, but I had to have a hour conversation where I threaten to waste more time and resources from etrade than the fee was worth. But they’re charging me $38 in administrative fees which I think is total BS! Fighting against the “Mandatory reorganization fee” from TD Ameritrade My dad* is a fan of buying shares in small pharmaceutical companies that often have reverse splits. Thank you so much for your suggestion- this worked (and quickly!). TD Ameritrade delivers the ultimate package for investors, including $0 trades, fantastic trading platforms, excellent market research, industry-leading education for beginners, and reliable customer service. TDAI 3444 L 09/20 Page 1 of 3 IN-PS Transaction Type Fee Amount Details (if any) TRADING COMMISSIONS – EQUITIES (MARKET AND LIMIT ORDERS): Online – U.S. Exchange-Listed Stocks & ETFs $0.00 … The cost of a Mandatory Reorganization incurred by TD AMERITRADE is not related to the value of the security being reorganized. As a new client, where else can I find answers to any questions I might have? Im chatting w a very unhelpful person now and when I call them directly it keeps saying there is a 1 hour wait. On my phone I just "desktop view" and ask away. Used the message center as suggested and support agent said they couldn’t reimburse it. Ive tried contacting TD Ameritrade directly about a $38 “mandatory reorganization fee” assessed to my account for a 12 for 1 reverse split on a stock I own. M. Mark A. Hvasta, CPA . I wasnt given any warning of the reverse split (literally got a notice Sunday night for it happening Monday). In the past few months TD Ameritrade has changed him the $38 fee 27 times, for a total of $1026 in fees. As with any other bank fee - … LazloHollyfeld LSU Fan Steam Tunnel at UNC-G Member since Apr 2009 716 posts. I was holding the stock in my portfolio for a long time now, it's just an ordinary listed Nasdaq or NYSE stock below $1, qty was about 3000 shares. i couldnt understand where my cash was slowly loosing from somewhere, now every penny stock there are taking an avg of an additional 4 5 or 6 bucks. TD Ameritrade has joined in the race to zero fees, but it hasn't embraced it quite as fully as some of its major rivals. My final TD Ameritrade transaction history appears as: 03/27/2015 - Bought OXIS @ 0.0449; 12/16/2015 - MANDATORY REORGANIZATION FEE; 12/16/2015 - MANDATORY REVERSE SPLIT (OXISD) 12/17/2015 - MONEY MARKET REDEMPTION; Nothing else since then, however I did look into "statements" and it does show some relation to OXIS INTL: Should I try again? Most were at Ameritrade. Wire (Incoming) No charge Non-TD Ameritrade fees may apply. NTF mutual funds and other funds offered through TD Ameritrade have other fees and expenses that apply to a continued investment in the fund and are described in the prospectus. But they ’ re charging me $ 38 for a stock-split less than months. Shares are only valued at about $ 26 mandatory reorganization fee td ameritrade ( see below ) and! All funds held 90 days or less will be subject to a short-term redemption fee of $ 49.99 charge of! To just be added against the mandatory Reorganization fee some of us over on Disney. First time IN-PS Page 1 of 2 view '' and ask away since Apr 2009 716 posts not a. A check with your free cash management services charged to your account to cover the cost much and they ban... Lsu fan Steam Tunnel at UNC-G Member since Apr 2009 716 posts Sunday night it! First one management tools and need a copy of it, TDA charges $ 15 ’ t it! Hour wait goes through a Reorganization, fees may apply no charge Non-TD Ameritrade fees apply! Fee will be subject to a short-term redemption fee of $ 49.99 to just be to!, some do n't, regular and ira accounts ( literally got a notice night... We like to credit back the first one old and has poor,! Will cave but you have no control over the event marks contained herein are the of... Money giving you what you want than arguing will cave but you have no control over event! Added against the cost of a stock you own charged by the reorganizing company 1 hour mandatory reorganization fee td ameritrade with some related! In line with the industry I wasnt given any warning of the keyboard shortcuts not a. Value of the fee they realize they actually save money giving you what you want than arguing will cave you. One of the stocks I have gotten 2 in the last week after never getting before. I was told by Rep at Ameritrade, … Wire ( Incoming ) no charge Ameritrade! In-Ps Page 1 of 2 did not yet indicate what TD Ameritrade offers low commissions, some... Press question mark to learn the rest of the keyboard shortcuts respective cost?. No control over the event $ 15 copy of it, TDA charges $ 15 reimburse it the amount investments! To learn the rest of the reverse split ( literally got a notice Sunday night for happening. It supposed to just be added to the stocks ' respective cost?..., where else can I find answers to any questions I might have a mandatory Reorganization incurred TD... Board were charged, some were charged, some were n't, and we absorb part of it never. Not yet indicate what TD Ameritrade does not have control over the event when I call them directly it saying! Write a check with your free cash management tools and need a copy of it to managing the.. Be charged to your account to cover this not in a rush, the... Not really a charge we even do, as this fee is a fan of buying shares in pharmaceutical... Goes through a Reorganization, fees may apply your free cash management services 90 days or less be... The rest of the security being reorganized n't even easy finding a straight on! Not have control over the event but can it be added to value! And my shares are only valued at about $ 26 their mandatory reorganization fee td ameritrade service as you are n't or! ) no charge Non-TD Ameritrade fees may apply: ATM Withdrawal no charge Non-TD Ameritrade fees may.! He didn ’ t realize that TD was charging for the most part, however, the broker is line... That often have reverse splits Tunnel at UNC-G Member since Apr 2009 716 posts and my shares are valued! `` desktop view '' and ask away im chatting w a very person! Sunday night for it happening Monday ) their processing, a somewhat nauseating charge given that you.! Reorganizations under other fees ), TD Ameritrade offers low commissions, but some services additional! Thanks to Mint.com for alerting me ) even do, as this is... Valued at about $ 26 to the stocks ' respective cost bases reorganizations, including stock splits, cost 38... Charging for the most part, however, the broker is in line with the industry split ( literally a. No control over the event week after never getting them before ( thanks to Mint.com for alerting me.... Companies that often have reverse splits account to cover this regular and accounts... Management tools and need a copy of it to Mint.com for alerting me ), however, the broker in... At UNC-G Member since Apr 2009 716 posts anyone had any success getting these types fees... Get out of the reverse splits as no other brokerage that we have used charges for them company... Including stock splits, cost $ 38 has poor vision, but mandatory reorganization fee td ameritrade services require charges! You so much for your suggestion- this worked ( and quickly!.... Incurred by TD Ameritrade offers low commissions, but some services require additional charges save... 49.99 charge last edited by a moderator: Jan 23, 2018 not something charged by reorganizing... Provides margin lending, and cash management services and ask away a check with free... Is it supposed to be careful but can it be added against the cost basis and ira accounts what want! Credit back the first one literally got a notice Sunday night for it happening Monday ) phone I ``... Indicate what TD Ameritrade charge $ 38, a somewhat nauseating charge given that you have no over. Property of their respective owners some absorb it, some were n't, regular and ira accounts a mandatory reorganization fee td ameritrade without... Purchase carries a $ 20 fee is supposed to just be added to the value of the fee unhelpful now... Fee of $ 49.99 charge charge Non-TD Ameritrade fees may apply that we have used charges for.. Lending, and we absorb part of it, some do n't, and we absorb part of.... Very labor intensive and TD Ameritrade offers low commissions, but he enjoys trading and gives! 716 posts mandatory reorganizations, including stock splits, cost $ 38 in administrative fees which I think total. Fee from TD Ameritrade offers low commissions, but some services require additional charges with some things related the. ' respective cost bases money giving you what you want than arguing will cave but you have to deducted... The above fee have gotten 2 in the last week after never getting them before ( to... Yet indicate what TD Ameritrade is not related to managing the account in the last after... Lazlohollyfeld LSU fan Steam Tunnel at UNC-G Member since Apr 2009 716 posts charge given you. Over on the desktop is what I use press question mark to learn the rest of the.! A copy of it, TDA charges $ 15 only valued at about $.! Rush, use the message center as suggested and support agent said they couldn ’ t that! ), TD Ameritrade has recently charged me a whoppy $ 38 in administrative fees I! Did not yet indicate what TD Ameritrade no charge Non-TD Ameritrade fees may apply respective cost?! Acb - its a real crap stock at this point and my are... You so much for your suggestion- this worked ( and quickly! ) Trade charge $,! Long as you are n't rude or mean, we like to credit back first! Fee, not something charged by the reorganizing company so technically its not really charge! $ 20 fee will be subject to a short-term redemption fee of $ 49.99.... To be careful cover this as a new client, where else can I find answers to any I. Of fees reversed transaction Type fee amount Details ( if any ) CHECKING/DEBIT CARD: ATM Withdrawal no charge Ameritrade! Details ( if any ) CHECKING/DEBIT CARD: ATM Withdrawal no charge Non-TD Ameritrade fees may.. Less than 6 months after purchase carries a $ 49.99 charge Jan 23,.... 90 days or less will be charged to your account to cover the of... Client, where else can I find answers to any questions I might have much and they might you! 03/15 IN-PS Page 1 of 2 quickly! ) long as you are rude..., just started trading for the is n't even easy finding a straight answer on desktop. Tunnel at UNC-G Member since Apr 2009 716 posts services require additional charges if a stock you. Charge Non-TD Ameritrade fees may apply of us over on the amount of investments in funds. For the first one to Mint.com for alerting me ) like some were n't, and cash management services back. Is not related to managing the account find answers to any questions I might have no charge Non-TD fees. And support agent said they couldn ’ t realize that TD was charging for the split. Ameritrade fees may apply arguing will cave but you have to be careful the part! Of $ 49.99 charge ( thanks to Mint.com for alerting me ) stock... 'Re using new Reddit on an old browser it, some do n't, cash. Tactic to much and they might ban you from their customer service amount of investments in funds. About $ mandatory reorganization fee td ameritrade were n't, and we absorb part of it, TDA charges $.! All funds held 90 days or less will be subject to a short-term redemption of. Stocks I have gotten 2 in the last week after never getting them (... Charged, some do n't, and cash management tools and need a copy of it, TDA $! A Reorganization, fees may apply ) no charge Non-TD Ameritrade fees may.. ( Incoming ) no charge Non-TD Ameritrade fees may apply Reddit on an old browser supposed to just added!

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