Investing in Precious Metals 101 Ad

CEF surprise

Login or register to post comments Last Post 1228 reads   2 posts
  • Thu, Feb 02, 2012 - 02:41am

    #1
    ao

    ao

    Status Platinum Member (Offline)

    Joined: Feb 04 2009

    Posts: 883

    count placeholder

    CEF surprise

I was checking into switching from non-registered to registered stock ownership of shares I hold in CEF in one of my retirement accounts and one of my wife’s retirement accounts as well as an account I manage for my mother.  Big surprise!  To switch over costs $500 per position or $1500 for all three!!!  I had a few choice words to the unfortunate Schwab person who had to deal with me and they are mailing me information regarding this situation so I can have documentation in hand to review.  Seems that CEF is a non-participating (foreign) stock with Schwab and some Canadian bureaucracy charges Schwab $500 for this switch-over.  Hopefully, the paperwork they are sending me will clarify and verify the truth of the matter and provide further details.  I’ll keep folks posted.   

  • Thu, Feb 02, 2012 - 04:55am

    #2
    Denny Johnson

    Denny Johnson

    Status Bronze Member (Offline)

    Joined: Aug 14 2008

    Posts: 119

    count placeholder

    Thanks

I will appreciate you keeping us posted.

Thanks

Viewing 2 posts - 1 through 2 (of 2 total)

Login or Register to post comments