M. Mark A. Hvasta, CPA . How GetHuman4106817 fixed the problem. My dad* is a fan of buying shares in small pharmaceutical companies that often have reverse splits. 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. Reply. If a stock you own goes through a reorganization, fees may apply. Press question mark to learn the rest of the keyboard shortcuts. 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. Selling a mutual fund without a transaction fee less than 6 months after purchase carries a $49.99 charge. MANDATORY REORGANIZATION FEE Some of us over on the Disney board were charged the above fee. 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. I help him with some things related to managing the account. 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. E*Trade charge $38 (see Reorganizations under Other fees ), TD Ameritrade charge $38. Replies (2) Options Top. 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. Reorganizations are very labor intensive and TD Ameritrade is charged fees by the depository for their processing. 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. Any excess may be retained by TD Ameritrade. 2. 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 FEE SCHEDULE1 TD AMERITRADE offers low commissions, but some services require additional charges. If you're not in a rush, use the message center and request a refund. LazloHollyfeld LSU Fan Steam Tunnel at UNC-G Member since Apr 2009 716 posts. All other marks contained herein are the property of their respective owners. *My dad is quite old and has poor vision, but he enjoys trading and it gives him a sense of purpose. I was told by Rep at Ameritrade, … 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? Almost all funds held 90 days or less will be subject to a short-term redemption fee of $49.99. 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. 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. Thank you so much for your suggestion- this worked (and quickly!). GetHuman4106817 did not yet indicate what TD Ameritrade should do to make this right. The one on the desktop is what I use. Seems like some were charged, some weren't, regular and ira accounts. Most were at Ameritrade. It isn't even easy finding a straight answer on the 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 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. Transaction Type Fee Amount Details (if any) CHECKING/DEBIT CARD: ATM Withdrawal No charge Non-TD Ameritrade fees may apply. You use this tactic to much and they might ban you from their customer service. 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 "mandatory reorganization" fee by my brokerage. 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. On my phone I just "desktop view" and ask away. TDA is great in regards to just asking. In the past few months TD Ameritrade has changed him the $38 fee 27 times, for a total of $1026 in fees. For the most part, however, the broker is in line with the industry. 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. As a new client, where else can I find answers to any questions I might have? Its a broker fee, not something charged by the reorganizing company. TDAI 3444 L 03/15 IN-PS Page 1 of 2. There's a transaction on ***** **:**:** MANDATORY REORGANIZATION FEE (*****P***) for $**. The company was founded as Ameritrade in 1971 before the company … Mar 16, 2006 #2 Twice in 2005, companies in which I owned stock underwent a … If the issuing company mandates reorganization, TD AMERITRADE must effect the reorganization for … Most companies when they realize they actually save money giving you what you want than arguing will cave but you have to be careful. Some absorb it, some don't, and we absorb part of it. Anyone else gotten them? 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. My dad* is a fan of buying shares in small pharmaceutical companies that often have reverse splits. Ad. 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 … As long as you aren't rude or mean, we like to credit back the first one. Wire (Incoming) No charge Non-TD Ameritrade fees may apply. Looks like you're using new Reddit on an old browser. 0 0. ACB - Its a real crap stock at this point and my shares are only valued at about $26. Do people get charged for forward splits? Quarterly Account Maintenance Fee2 $12.50 Reorganization Fees 3Deposit $25 4Mandatory $20 5Non-mandatory and tender offers $30 6Withdrawal from tender offer $10 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. In the past few months TD Ameritrade has changed him the $38 fee 27 times, for a total of $1026 in fees. ACB - Its a real crap stock at this point and my shares are only valued at about $26. As with any other bank fee - … 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. mandatory reorganization that would result in a fee to your account would be company mergers or acquisitions. But they’re charging me $38 in administrative fees which I think is total BS! Just found this form as one of the stocks I have just merged and was charged the fee. In the past few months TD Ameritrade has changed him the $38 fee 27 times, for a total of $1026 in … 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. 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. 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. TD Ameritrade "Mandatory Reorganization Fee" Posted by GeismarGeauxer on 7/11/12 at 11:17 am. 4 Plus the subscription cost per share. Debit Card – Federal Express Overnight Continental U.S. = $27 … But can it be added against the cost basis? 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. 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? I have gotten 2 in the last week after never getting them before (thanks to Mint.com for alerting me). - Michael . Replies (2) Share: 0 0. Hey Everyone, Just started trading for the first time. 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. He didn’t realize that TD was charging for the reverse splits as no other brokerage that we have used charges for them. The amount of remuneration is based in part on the amount of investments in such funds by TD Ameritrade clients. Fees are rounded to the nearest penny. There doesn't seem to be anyway to get out of the fee. Im chatting w a very unhelpful person now and when I call them directly it keeps saying there is a 1 hour wait. 2. Learn more about corporate action. 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. TD Ameritrade receives remuneration from fund companies for record-keeping, shareholder and other administrative services. I have an issue with TD Ameritrade too. Mandatory reorganizations, including stock splits, cost $38, a somewhat nauseating charge given that you have no control over the event. 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: Also, this is standard across other firms. 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. 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? It also provides margin lending, and cash management services.. 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 … 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. 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. Last edited by a moderator: Jan 23, 2018. He didn’t realize that TD was charging for the. It feels like theft by TD. In the past few months TD Ameritrade has changed him the $38 fee 27 times, for a total of $1026 in fees. So technically its not really a charge we even do, as its a passdown. 3 Mandatory and voluntary offers. TD Ameritrade TD Ameritrade Apex™ Mandatory: $38: FREE: Voluntary tender offer: $38: FREE A $20 fee will be charged to your account to cover this. TD AMERITRADE does not have control over the reorganization of a stock that you own. Back to top. 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 … Should I try again? Fighting Against The Mandatory Reorganization Fee From Td Ameritrade. Or is it supposed to just be added to the stocks' respective cost bases? The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. Fees are rounded to the nearest penny. 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. TD Ameritrade has recently charged me a whoppy $38 for a stock-split ! Message center is through the app? Does that only happen to reverse splits? 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 offers low commissions, but some services require additional charges. Advertisements. But I don't think that matters. Used the message center as suggested and support agent said they couldn’t reimburse it. The cost of a Mandatory Reorganization incurred by TD AMERITRADE is not related to the value of the security being reorganized. They've always been great to me. Mine was a 2-1 split though. Certain countries charge additional pass-through fees (see below). 4 Plus the subscription cost per share. *The Fund Family will charge fees as detailed in the fund prospectus. 3 Mandatory and voluntary offers. 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. $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 … I need this restored back to my account, as this fee is a result of shares being split. A $20 fee is charged to your account to cover the cost. Any excess may be retained by TD Ameritrade. I wasnt given any warning of the reverse split (literally got a notice Sunday night for it happening Monday). 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 … 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 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. 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