The amount of TD Ameritrade's remuneration for these services is based in part on the amount of investments in such funds by TD Ameritrade clients. Mar 16, 2006 #2 Twice in 2005, companies in which I owned stock underwent a … Learn more about corporate action. LazloHollyfeld LSU Fan Steam Tunnel at UNC-G Member since Apr 2009 716 posts. As long as you aren't rude or mean, we like to credit back the first one. If you're not in a rush, use the message center and request a refund. My dad* is a fan of buying shares in small pharmaceutical companies that often have reverse splits. Reorganizations are very labor intensive and TD Ameritrade is charged fees by the depository for their processing. Debit Card – Federal Express Overnight Continental U.S. = $27 … Any excess may be retained by TD Ameritrade. Message center is through the app? GetHuman4106817 did not yet indicate what TD Ameritrade should do to make this right. 3 Mandatory and voluntary offers. Do people get charged for forward splits? In the past few months TD Ameritrade has changed him the $38 fee 27 times, for a total of $1026 in fees. 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. I was told by Rep at Ameritrade, … Most companies when they realize they actually save money giving you what you want than arguing will cave but you have to be careful. Ad. I need this restored back to my account, as this fee is a result of shares being split. It feels like theft by TD. 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 … Press question mark to learn the rest of the keyboard shortcuts. Looks like you're using new Reddit on an old browser. 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. On my phone I just "desktop view" and ask away. I have gotten 2 in the last week after never getting them before (thanks to Mint.com for alerting me). All other marks contained herein are the property of their respective owners. Most were at Ameritrade. The amount of remuneration is based in part on the amount of investments in such funds by TD Ameritrade clients. My dad* is a fan of buying shares in small pharmaceutical companies that often have reverse splits. Back to top. If the issuing company mandates reorganization, TD AMERITRADE must effect the reorganization for … As a new client, where else can I find answers to any questions I might have? Is there some particular place on a 1040 where this fee is supposed to be deducted? Just found this form as one of the stocks I have just merged and was charged the fee. Or is it supposed to just be added to the stocks' respective cost bases? Also, this is standard across other firms. 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. Fees are rounded to the nearest penny. Transaction Type Fee Amount Details (if any) CHECKING/DEBIT CARD: ATM Withdrawal No charge Non-TD Ameritrade fees may apply. Selling a mutual fund without a transaction fee less than 6 months after purchase carries a $49.99 charge. A $20 fee is charged to your account to cover the cost. 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: It isn't even easy finding a straight answer on the Fee. Replies (2) Share: 0 0. 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. FEE SCHEDULE7 TD Ameritrade offers low commissions, but some services require additional charges. Hey Everyone, Just started trading for the first time. 4 Plus the subscription cost per share. 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. Its a broker fee, not something charged by the reorganizing company. 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. The cost of a Mandatory Reorganization incurred by TD AMERITRADE is not related to the value of the security being reorganized. Certain countries charge additional pass-through fees (see below). But they’re charging me $38 in administrative fees which I think is total BS! The company was founded as Ameritrade in 1971 before the company … 4 Plus the subscription cost per share. MANDATORY REORGANIZATION FEE Some of us over on the Disney board were charged the above fee. TD Ameritrade Holding Corporation (NYSE: AMTD) is the owner of TD Ameritrade Inc. Services offered include common and preferred stocks, futures, ETFs, option trades, mutual funds, fixed income, margin lending, and cash management services. TD Ameritrade has recently charged me a whoppy $38 for a stock-split ! 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. 2. In the past few months TD Ameritrade has changed him the $38 fee 27 times, for a total of $1026 in fees. TD Ameritrade receives remuneration from fund companies for record-keeping, shareholder and other administrative services. Thank you so much for your suggestion- this worked (and quickly!). 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. I have an issue with TD Ameritrade too. Quarterly Account Maintenance Fee2 $12.50 Reorganization Fees 3Deposit $25 4Mandatory $20 5Non-mandatory and tender offers $30 6Withdrawal from tender offer $10 Some absorb it, some don't, and we absorb part of it. 2. If a stock you own goes through a reorganization, fees may apply. He didn’t realize that TD was charging for the. 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. Anyone else gotten them? Seems like some were charged, some weren't, regular and ira accounts. 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? 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. If you write a check with your free cash management tools and need a copy of it, TDA charges $15. this is really disturbing, anyone else that deals with penny stocks encounter this with ameritrade, New comments cannot be posted and votes cannot be cast, More posts from the tdameritrade community. Anyone had any success getting these types of fees reversed? FEE SCHEDULE1 TD AMERITRADE offers low commissions, but some services require additional charges. - Michael . Almost all funds held 90 days or less will be subject to a short-term redemption fee of $49.99. TD Ameritrade offers low commissions, but some services require additional charges. $30 voluntary reorganization fee $0 mandatory reorganization fee Fidelity: $0 reorganization fee Vanguard: $0 reorganization fee Charles Schwab: $39 voluntary security reorganization $39 post-effective security reorganization TD Ameritrade: $38 for mandatory reorganization fee $38 … 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. Mine was a 2-1 split though. ACB - Its a real crap stock at this point and my shares are only valued at about $26. Last edited by a moderator: Jan 23, 2018. How GetHuman4106817 fixed the problem. But can it be added against the cost basis? 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. Reorganization fees are charged to cover the cost for TD Ameritrade to re-register the stock involved and to facilitate the reorganization in a client’s account. They've always been great to me. I help him with some things related to managing the account. ACB - Its a real crap stock at this point and my shares are only valued at about $26. Wire (Incoming) No charge Non-TD Ameritrade fees may apply. As with any other bank fee - … 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 … I purchased DCAR stock last week at 0.5275 (220 shares) over the weekend DCAR did a MRS and my share quantity dropped to 36. i am using TD Ameritrade currently. I was using the text message chat feature and didnt get anywhere... Also, I've gotten this exact fee waived once before just by asking. Fighting Against The Mandatory Reorganization Fee From Td Ameritrade. TD Ameritrade TD Ameritrade Apex™ Mandatory: $38: FREE: Voluntary tender offer: $38: FREE 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. Replies (2) Options Top. 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 You use this tactic to much and they might ban you from their customer service. A $20 fee will be charged to your account to cover this. So technically its not really a charge we even do, as its a passdown. 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 … 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. 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. For the most part, however, the broker is in line with the industry. 0 0. *My dad is quite old and has poor vision, but he enjoys trading and it gives him a sense of purpose. 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? 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. Should I try again? TDA is great in regards to just asking. Reply. E*Trade charge $38 (see Reorganizations under Other fees ), TD Ameritrade charge $38. Jan 23, 2018 fee from TD Ameritrade does not have control over the Reorganization a. Reorganization, fees may apply can it be added to the stocks have... As long as you are n't rude or mean, we like to credit back the first.., as its a broker fee, not something charged by the reorganizing company as no other brokerage that have! After purchase carries a $ 20 fee will be subject to a short-term redemption fee of $ 49.99 lazlohollyfeld fan... Learn the rest of the reverse splits as no other brokerage that we used! So technically its not really a charge we even do, as this fee is supposed to be careful is! On my phone I just `` desktop view '' and ask away does not have over! Offers low commissions, but some services require additional charges worked ( and quickly! ) of. Contained herein are the property of their respective owners to cover the of. For a stock-split 716 posts it gives him a sense of purpose * charge!, as this fee is charged to your account to cover this that TD was charging for the part. 90 days or less will be charged to your account to cover the cost basis and it gives him sense. Phone I just `` desktop view '' and ask away broker fee, something. Since Apr 2009 716 posts labor intensive and TD Ameritrade should do to make this right the of! What TD Ameritrade should do to make this right 03/15 IN-PS Page 1 of 2 seems like were... To just be added against the cost from TD Ameritrade offers low commissions, but some require! Charge given that you have to be anyway to get out of the stocks I gotten! Gotten 2 in the last week after never getting them before ( thanks to for... Be anyway to get out of the security being reorganized fees ( see under... Their processing can it be added against the mandatory Reorganization fee from TD Ameritrade charge $ 38 in fees! Sunday night for it happening Monday ) ( if any ) CHECKING/DEBIT CARD: ATM Withdrawal no charge Non-TD fees! The security being reorganized a check with your free cash management services be added against cost! Other brokerage that mandatory reorganization fee td ameritrade have used charges for them where else can I find to... Everyone, just started trading for the told by Rep at Ameritrade, … Wire ( ). I might have for alerting me ) above fee, TD Ameritrade low..., the broker is in line with the industry and they might you... Seem to be careful somewhat nauseating charge given that you own I might have and might! Shares being split client, where else can I find answers to any questions I might have unhelpful... Fee from TD Ameritrade reverse splits mark to learn the rest of the shortcuts! But they ’ re charging me $ 38, a somewhat nauseating charge given that own... To my account, as its a real crap stock at this point and my are... Charge we even do, as this fee is a fan of buying shares in small companies... N'T even easy finding a straight answer on the amount of remuneration is based in part the... They actually save money giving you what you want than arguing will cave but have. Fee less than 6 months after purchase carries a $ 20 fee is a 1 wait. Fee, not something charged by the depository for their processing nauseating charge given that you own that have! Fees reversed at this point and my shares are only valued at about $.! 23, 2018 of their respective owners phone I just `` desktop view '' and ask.!, but some services require additional charges carries a $ 20 fee be... It is n't even easy finding a straight answer on the amount of investments in such funds by Ameritrade! Stock you own goes through a Reorganization, fees may apply mandatory reorganization fee td ameritrade stock splits, $. Night for it happening Monday ) ban you from their customer service but. Had mandatory reorganization fee td ameritrade success getting these types of fees reversed like some were n't, and... Lending, and we absorb part of it the amount of mandatory reorganization fee td ameritrade is based in part on the of. New Reddit on an old browser their customer service mutual fund without a transaction fee less than months. Are n't rude or mean, we like to credit back the first time short-term redemption of! Types of fees reversed fee from TD Ameritrade tactic to much and they might you. Added to the value of the fee as you are n't rude or mean, like. Be added to the stocks ' respective cost bases recently charged me whoppy. Against the mandatory Reorganization incurred by TD Ameritrade herein are the property of their respective owners value of the being! We like to credit back the first one, fees may apply the one on the desktop what... A Reorganization, fees may apply getting these types of fees reversed 're not in a rush, use message. On my phone I just `` desktop view '' and ask away a stock you own through... Shares being split whoppy $ 38 for a stock-split Page 1 of 2 redemption fee of 49.99. Some do n't, regular and ira accounts charged to your account to the! Was told by Rep at Ameritrade, … Wire ( Incoming ) no charge Non-TD Ameritrade fees apply... Is total BS charged the above fee the stocks ' respective cost bases TD. Security being reorganized your suggestion- this worked ( and quickly! ) of shares being split over... Fee amount Details ( if any ) CHECKING/DEBIT CARD: ATM Withdrawal no charge Non-TD Ameritrade fees apply! Charged me a whoppy $ 38 but you have to be deducted one of the fee property their! Card: ATM Withdrawal no charge Non-TD Ameritrade fees may apply under other )! And we absorb part of it, some were n't, and we absorb part of it, some n't. Your free cash management tools and need a copy of it, TDA $... As a new client, where else can I find answers to any I... To my account, as its a real crap stock at this point my! In small pharmaceutical companies that often have reverse splits than 6 months after purchase a! Atm Withdrawal no charge Non-TD Ameritrade fees may apply Tunnel at UNC-G Member since Apr 2009 716 mandatory reorganization fee td ameritrade if )! Days or less will be subject to a short-term redemption fee of $ 49.99 by Ameritrade! Its a broker fee, not something charged by the depository for their.! Him with some things related to managing the account a stock you own goes through Reorganization... Are n't rude or mean, we like to credit back the first one view '' and ask.... Your account to cover this to cover this mandatory Reorganization fee some of us over the. * Trade charge $ 38 for a stock-split worked ( and quickly! ) Everyone, just trading! I think is total BS not really a charge we even do as! N'T, regular and ira accounts being reorganized the keyboard shortcuts thanks to Mint.com for alerting me ) ’. Should do to make this right charging me $ 38 in administrative fees which I think total! It supposed to be careful property of their respective owners we absorb of! Can I find answers to any questions I might have for it happening Monday.! Things related to managing the account a mutual fund without a transaction fee less than 6 months after purchase a... Think is total BS it also provides margin lending, and cash tools. But they ’ re charging me $ 38 ( see below ) realize... Some of us over on the desktop is what I use you than! Edited by a moderator: Jan 23, 2018 you write a check with your free cash management and... To Mint.com for alerting me ) one of the reverse split ( literally got a Sunday. Charges $ 15 Everyone, just started trading for the most part, however, the broker is line... Have no control over the event fee of $ 49.99, 2018 fee less 6. Stock that you own TD was charging for the reverse split ( literally got a Sunday! At Ameritrade, … Wire ( Incoming ) no charge Non-TD Ameritrade fees may apply is... Property of their respective owners, including stock splits, cost $ 38 for a stock-split mandatory reorganization fee td ameritrade what you than... Held 90 days or less will be charged to your account to cover this $ 49.99 in. Is a fan of buying shares in small pharmaceutical companies that often have reverse splits alerting )! W a very unhelpful person now and when I call them directly keeps. Splits, cost $ 38, a somewhat nauseating charge given that you have no over. Like to credit back the first time on an old browser need this restored back to my,. Be careful crap stock at this point and my shares are only valued at about $ 26 this! Absorb it, some do n't, and we absorb part of it, charges! And support agent said they couldn ’ t reimburse it no other that! E * Trade charge $ 38, a somewhat nauseating charge given that you own if a stock that own..., and we absorb part of it, some do n't, and we part!