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. mandatory reorganization that would result in a fee to your account would be company mergers or acquisitions. For the most part, however, the broker is in line with the industry. If you write a check with your free cash management tools and need a copy of it, TDA charges $15. 4 Plus the subscription cost per share. It feels like theft by TD. But can it be added against the cost basis? Anyone else gotten them? In the past few months TD Ameritrade has changed him the $38 fee 27 times, for a total of $1026 in fees. Certain countries charge additional pass-through fees (see below). 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. ACB - Its a real crap stock at this point and my shares are only valued at about $26. It also provides margin lending, and cash management services.. Also, this is standard across other firms. A $20 fee is charged to your account to cover the cost. He didn’t realize that TD was charging for the. TD Ameritrade has recently charged me a whoppy $38 for a stock-split ! LazloHollyfeld LSU Fan Steam Tunnel at UNC-G Member since Apr 2009 716 posts. Thank you so much for your suggestion- this worked (and quickly!). How GetHuman4106817 fixed the problem. 3 Mandatory and voluntary offers. I help him with some things related to managing the account. Almost all funds held 90 days or less will be subject to a short-term redemption fee of $49.99. M. Mark A. Hvasta, CPA . 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. A $20 fee will be charged to your account to cover this. 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. Used the message center as suggested and support agent said they couldn’t reimburse it. 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. Or is it supposed to just be added to the stocks' respective cost bases? 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? In the past few months TD Ameritrade has changed him the $38 fee 27 times, for a total of $1026 in fees. Hey Everyone, Just started trading for the first time. There doesn't seem to be anyway to get out of the fee. 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. 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 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. 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. The amount of remuneration is based in part on the amount of investments in such funds by TD Ameritrade clients. 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 … 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. 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. 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. In the past few months TD Ameritrade has changed him the $38 fee 27 times, for a total of $1026 in fees. Learn more about corporate action. Any excess may be retained by TD Ameritrade. Fees are rounded to the nearest penny. Last edited by a moderator: Jan 23, 2018. Fighting Against The Mandatory Reorganization Fee From Td Ameritrade. Back to top. Transaction Type Fee Amount Details (if any) CHECKING/DEBIT CARD: ATM Withdrawal No charge Non-TD Ameritrade fees may apply. "mandatory reorganization" fee by my brokerage. TD AMERITRADE does not have control over the reorganization of a stock that you own. It isn't even easy finding a straight answer on the Fee. FEE SCHEDULE1 TD AMERITRADE offers low commissions, but some services require additional charges. 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. Debit Card – Federal Express Overnight Continental U.S. = $27 … Selling a mutual fund without a transaction fee less than 6 months after purchase carries a $49.99 charge. Mandatory reorganizations, including stock splits, cost $38, a somewhat nauseating charge given that you have no control over the event. If a stock you own goes through a reorganization, fees may apply. Looks like you're using new Reddit on an old browser. There's a transaction on ***** **:**:** MANDATORY REORGANIZATION FEE (*****P***) for $**. As with any other bank fee - … 4 Plus the subscription cost per share. E*Trade charge $38 (see Reorganizations under Other fees ), TD Ameritrade charge $38. 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. He didn’t realize that TD was charging for the reverse splits as no other brokerage that we have used charges for them. 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 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. 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. As long as you aren't rude or mean, we like to credit back the first one. TD Ameritrade "Mandatory Reorganization Fee" Posted by GeismarGeauxer on 7/11/12 at 11:17 am. 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. My dad* is a fan of buying shares in small pharmaceutical companies that often have reverse splits. Should I try again? Wire (Incoming) No charge Non-TD Ameritrade fees may apply. 3 Mandatory and voluntary offers. 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. GetHuman4106817 did not yet indicate what TD Ameritrade should do to make this right. Replies (2) Options Top. I need this restored back to my account, as this fee is a result of shares being split. 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. Does that only happen to 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? TDAI 3444 L 03/15 IN-PS Page 1 of 2. Any excess may be retained by TD Ameritrade. TD Ameritrade offers low commissions, but some services require additional charges. Message center is through the app? 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. Its a broker fee, not something charged by the reorganizing company. *The Fund Family will charge fees as detailed in the fund prospectus. You use this tactic to much and they might ban you from their customer service. In the past few months TD Ameritrade has changed him the $38 fee 27 times, for a total of $1026 in … 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. They've always been great to me. $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 … Ad. 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. Seems like some were charged, some weren't, regular and ira accounts. I was told by Rep at Ameritrade, … Do people get charged for forward splits? I have gotten 2 in the last week after never getting them before (thanks to Mint.com for alerting me). 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. 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. But I don't think that matters. 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. 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. 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: Reply. 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 … 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. 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. FEE SCHEDULE7 TD Ameritrade offers low commissions, but some services require additional charges. 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. TD Ameritrade TD Ameritrade Apex™ Mandatory: $38: FREE: Voluntary tender offer: $38: FREE - Michael . I have an issue with TD Ameritrade too. Most companies when they realize they actually save money giving you what you want than arguing will cave but you have to be careful. 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