Post by chaos on Nov 9, 2005 10:49:16 GMT -6
sorry for the new thread, wanted to make sure I get it answered. Please feel free to move me.
I have a buddy that actually got me into this stock some time ago.
He used AG Edwards and I chose ameritrade. Yesterday he calls Edwards requesting certs. They told him no prob, no charge and expect them in a few weeks.
Yesterday evening they called him back and told him there was a charge of $191.50 which would be the price of pulling all his certs , cmkx and divs too, since they are divs of cmkx he has to pull them also.
Now hope I have this correct. He only has 1,000,000 shares of CMKX, not much but he isnt a man with alot of money. He did get the divys since we have been in for about 1 1/2 yrs. He told them that they had told him there was no charge for the pull and she replied that isnt a charge from A G Edwards but a charge from the TA for the certs, since they are either, worthless, revoked or suspended they were charging him for doing so. He was not told who the TA was from or for, whether Global or whoever, and didnt know enough to ask, but was led to believe they are the TA for A G Edwards? but he wasnt sure. Hes not real good with stocks so was quite unhappy for the charge since he does not have that kinda money.
[glow=red,2,300]Question::[/glow] does this sound right? I told him the bad people will try to talk him out of pulling his shares and to not trust what he is told, until I ran it thru this board first. What say ye? I know this might be true and totally within the realm of what is normally done with stocks but I want to hear it from you guys first. Due to the $200 and him not doing good on money he is considering not pulling certs. If need be he could scrape the money together but would be rough, but we want to make sure they arent ripping him off. Im thinking if it wasnt true and they wanted to try to deter him, the fee might be much higher, but Im not a stock guru either. Please help, anyone know? Thanx all!
I have a buddy that actually got me into this stock some time ago.
He used AG Edwards and I chose ameritrade. Yesterday he calls Edwards requesting certs. They told him no prob, no charge and expect them in a few weeks.
Yesterday evening they called him back and told him there was a charge of $191.50 which would be the price of pulling all his certs , cmkx and divs too, since they are divs of cmkx he has to pull them also.
Now hope I have this correct. He only has 1,000,000 shares of CMKX, not much but he isnt a man with alot of money. He did get the divys since we have been in for about 1 1/2 yrs. He told them that they had told him there was no charge for the pull and she replied that isnt a charge from A G Edwards but a charge from the TA for the certs, since they are either, worthless, revoked or suspended they were charging him for doing so. He was not told who the TA was from or for, whether Global or whoever, and didnt know enough to ask, but was led to believe they are the TA for A G Edwards? but he wasnt sure. Hes not real good with stocks so was quite unhappy for the charge since he does not have that kinda money.
[glow=red,2,300]Question::[/glow] does this sound right? I told him the bad people will try to talk him out of pulling his shares and to not trust what he is told, until I ran it thru this board first. What say ye? I know this might be true and totally within the realm of what is normally done with stocks but I want to hear it from you guys first. Due to the $200 and him not doing good on money he is considering not pulling certs. If need be he could scrape the money together but would be rough, but we want to make sure they arent ripping him off. Im thinking if it wasnt true and they wanted to try to deter him, the fee might be much higher, but Im not a stock guru either. Please help, anyone know? Thanx all!
