This charge is assessed on each purchase, sale, and exchange. Instead, you can add the amount of those fees to the purchase price of your stock. Arcis Resources Corporation ARCS Stock Message Board: i saw a $20 reorganization fee on etrade.. Etrade ACAT fee is $75 for a full account transfer and $25 for a partial account transfer (stock positions, mutual funds, ETF's). 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. Our records indicate that a Mandatory Reorganization fee was assessed on your account in the amount of $20.00 on 10/13/06 as a result of a 1:350 reverse split that was effected on your restricted shares of Juina Mining Corp. If I hold options but no stocks, will I be charged a reorganization fee … why they charge a fee for that? Financial Industry Regulatory Authority (FINRA) transaction fee (TAF) This fee is charged on all stock and ETF sales at a rate of $.000119 per share with a minimum charge of $0.01 and a maximum charge of $5.95. It has a tiered commission structure emphasizing stock … Disclaimer: ACM MEDIA LLC provides reviews of services based on our personal opinions. Some charge higher fees for administrative services than Etrade. Dividend yield 1 is the annual return an investor receives in the form of dividend payments, expressed as a percentage of the stock's share price. - Your broker charges a mandatory reorganization fee when there is a reverse stock split or a mandatory cash merger. Penny stock trades incur a per-trade commission; most other brokers have … I understand that if I hold stocks during a reverse split in an etrade brokerage, I will he charged a reorganization fee. The standard options contract fee is $0.65 per contract (or $0.50 per contract for customers who execute at least 30 stock… Stock Trades - All trades are a flat-rate $0.For broker-assisted trades, add $25 to the total order. We like their expansive set … It isn't even easy finding a straight answer on the Fee. Disclaimer Etrade hidden fees … Note that the purchase date for this is Jan 1, 2010 when you bought Company A stock prior to the merger giving you Company B stock… There doesn't seem to be anyway to get out of the fee. E*TRADE Promotions Easy to use online discount stock broker for long-term investors. All rights are reserved. MANDATORY REORGANIZATION FEE Some of us over on the Disney board were charged the above fee. Etrade Stock Trading Fees Comparison. None has the absolute lowest commissions on every type of trade. That's because TD Ameritrade has a $38 reorganization fee. Does anyone know if this applies to options as well? We may be compensated by the businesses we review. Make sure to read the fine print and fees pages. Get 4 FREE stocks valued up to $1,600 + $100 in ACAT reimbursement. it is not like we do that. stocks, bonds, mutual funds, futures, fixed income, options, ETFs, $500 for a non-retirement account, $0 for a retirement account, $2,000 for a margin account, Minimum Investment to Transaction fee funds. All charge less in commissions than full-service, brick-and-mortar brokerages. Finally, as we must facilitate the exchange of shares in your account, a $38.00 reorganization fee was charged to cover the processing costs. Mandatory reorganizations, including stock splits, cost $38, a somewhat nauseating charge given that you have no control over the event. $0 commissions + transfer fee reimbursement. When trading during pre and post market hours, an ECN fee … This fee … Does anyone know if this applies to options as well? Includes Agency bonds, Corporate bonds, Municipal bonds, Brokered CDs, Pass-thrus, CMOs, Asset Backed Securities. Ally Invest: $0 $9.95 $0 $0 Up to $3,500 cash bonus + $0 trades + transfer fee … The "best answer" in … Because money, presumably. for a reverse split I hold a very small position of NGE, a fund that has been steadily declining in value. Read our in-depth review of E*TRADE to see why E*TRADE scored 4.2 stars out of 5. Per our commission and fee schedule, your account was charged a $20 mandatory reorganization fee. from IRS) that stock reorganization fees can be treated like a stock trading fee (i.e. At a time when several businesses are offering waivers and consolations to their new and loyal customers, eTrade has been assessing fees … eTrade’s customer service may usually be good, but I have been given the run-around on reimbursement of reorganization fees for lopsided stocks. It appeared to be for the … ACB - Its a real crap stock at this point and my … Exclusions may apply and E*TRADE reserves the right to charge variable commission rates. Broker Review Stock/ETF Commission Mutual Fund Commission Maintenance Fee Annual IRA Fee Promotion Offer; WeBull: $0 na $0 $0 Grab your last chance to get 4 free stocks up to $1,600 + acat refund. by jon, 8/10/2020 . Most were at Ameritrade. I got slapped by ETRADE with a $38 reorganization fee for ACB’s reverse split stock. Is there any reputable guidance (e.g. A mandatory reorganization … $0.65 per contract ($0.50 if making 30+ trades per quarter), markup or markdown and any transaction fee will be included in the price quoted. sales expense) and added to the cost basis? Etrade Mutual Fund Commissions Mutual funds that carry a transaction fee cost $19.99. E*TRADE charges $0 commission for online US-listed stock, ETF, and options trades. I have no problem with that as I'm in … This is a flat service fee for the processing of the corporate action. For our example, the cost basis for the 98 shares of Company B is $2386, or $24.35 per share of Company B. Etrade is perfectly happy charging $38 reorganization fee, even if you have only $1 of that stock. But can it be added against the cost basis? Scottrade and other brokerages charges this same exact $20 fee as well, some charge … If I hold options but no stocks, will I be charged a reorganization fee when a reverse split happens? Pros: If greed was a company, they would be great Cons: FEES, FEES, awful customer service, and FEES Everyone better hope they don't have a stock do any kind of split. Press question mark to learn the rest of the keyboard shortcuts. Though i was safe buying stocks just to speculate, in a year I had over $300 in fees, after paying commissions. Up to $3,500 cash bonus + $0 commission trades. Additionally, upon checking my transaction history I noticed that I got slapped with $20 reorganization fee from E*Trade. Press J to jump to the feed. E*Trade charges per trade are based on the selling of investment products. It's an easy way to compare the dividend amounts paid by different stocks… Mandatory Reorganization fees are charged when there is a reverse stock … E*TRADE's fees are now competitive since it joined the race to zero fees by major online brokers in Oct. 2019. Open an IRA, Mutual Fund— wait.. what? I am pretty confident that this fee would be … Back in November I logged into my Etrade brokerage account and was just reviewing my account activity and was surprised to see a line item for "Mandatory Reorg fee" for $20. Copyright 2009-2020 ACM MEDIA LLC. Get zero commission on stock and ETF trades. $50 capital call fee $75 liquidation fee: Reorganizations: $38 for mandatory actions (e.g., mergers, ... You will be charged a $2.00 handling fee for each … I don’t even hold $38 worth of stock in that company. The E*Trade fees are explained below: Essential fees you should be aware of are; inactivity fees, custodial fees, statement fees, mutual fund/ETF commissions and the account transfer fees. E-Trade just charged me a mandatory transaction fee of $38 (!!) Other brokers like Etrade have the same fee, while others like Sogotrade may have a $50 fee. That’s a fee they can list that nobody shrugs at when they’re making a brokerage, because it’s not a super common event (particularly if you’re not investing in super cheap stocks). $1 per bond (minimum $10, maximum $250) for online secondary market trades. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). Seems like some were charged, some weren't, regular and ira accounts. No load funds, Mutual Fund— There is an Options Regulatory Fee (from $0.03 to $0.05 per contract,) which applies to both option buy and … I understand that if I hold stocks during a reverse split in an etrade brokerage, I will he charged a reorganization fee. The purchase price plus the cost to acquire your stock equals your cost basis. E*TRADE has a fairly straight forward commissions structure. 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