For questions about brokerage firms, opening a brokerage account, etc. Questions asking for specific service recommendations are off-topic.

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2
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0answers
41 views

Brokerage Account Usage

I'm a non-US citizen and have a brokerage account with Etrade Securities since last 10 years, but I just received an 'inquiry' asking a couple of strange questions so I thought of clearing my doubts ...
0
votes
2answers
120 views

Interactive Brokers Margin Accounts

I've read the margin documentations on IB but am not sure given the following scenarios. I have a reg-t margin account trading stocks/etfs. Scenario 1: I do weekly re-balancing of a portfolio of ...
0
votes
4answers
128 views

Why should I choose a 401(k) or IRA over a standard brokerage account?

401(k)'s and other retirement accounts have limits on restrictions on when your money can be withdrawn. But let's say I score a job making a huge sum, can save a lot, and want to retire decades early. ...
2
votes
2answers
162 views

Can I withdraw cash from selling investments before the settlement date?

If I sell stocks, will I be able to withdraw cash from the proceeds that same day or will I have to wait until the T+3 settlement date? Does it depend on the brokerage?
0
votes
1answer
61 views

Is it possible that for shares to be reinvested in a stock you already sold?

I just recently set my taxable investment account from reinvest dividends to deposit in cash. However, there seems to be a delay (I assume related to one of the various dates associated with ...
1
vote
1answer
83 views

Is reimbursement of a brokerage transfer fee taxable income?

I switched the brokerage for a taxable investment account last year. The new brokerage reimbursed the transfer out fee of $50 from my old brokerage. I don't have my 1099s yet but I noticed in the ...
0
votes
2answers
40 views

Who (owner/ writer)needs to pay the option assignment fees

When an option is exercised, there is an option assignment fee that needs to be paid to the (broker/clearing house)? So if the options expire worthless, this fee need not be paid. But in the case ...
3
votes
1answer
125 views

Is SIPC coverage on cash as strong as FDIC?

I'm considering opening a brokerage account with a broker that is requesting $10,000 minimum funding. That money will not go to an FDIC covered bank account. But the broker does have an SIPC ...
-1
votes
1answer
57 views

Who is the counterparty when buying shares through a broker

If I buy shares of a company through a broker, who is my counter-party? The company or the broker? i.e Do I face counter-party risk twice over(if company goes bankrupt and also if broker goes ...
2
votes
1answer
176 views

Can I open an investment account in the US for my US citizen sister living abroad?

Here's my issue. I have a sister that lives in Israel. She is a US citizen, and holds a US passport, and is also a citizen of Israel. 20+ years ago, they opened a Cash Management Account (CMA) in ...
2
votes
1answer
29 views

What is the typical time taken for SIPC to return money and stocks to brokerage clients when the broker goes under?

SIPC's job is safeguard the money and securities of brokerage clients when broker goes bankrupt. One of the tasks is to speed up the return of these possessions to the clients. Going by past ...
5
votes
2answers
167 views

Can you use external money to pay trading commissions in tax-free and tax-deferred accounts?

I contribute the max to my Roth IRA every year ($5500 in 2013, for example). However, let's say I use that money to buy two stocks, with a commission $10 each, so I am effectively only contributing ...
1
vote
1answer
138 views

Will foreigners using a US broker to buy non-US stocks be subjected to 30% withholding tax on dividends?

Currently, foreigners are subjected to 30% withholding tax on dividends when they buy US stocks through a US broker. Will they also be subjected to the same tax if they buy international stocks (say, ...
1
vote
1answer
95 views

Do transaction fees for mutual funds apply when purchasing additional shares?

My broker charges me a $19.99 transaction fee when purchasing some mutual funds. I believe that they will also charge this fee when selling shares in the fund. What is not clear to me, is if they ...
3
votes
1answer
246 views

How are brokerage accounts protected from theft, computer glitches and fraud?

I'm thinking about investing in stocks, but I'm worried about losing my investments for reasons unrelated to changes in the market. I know that brokerage accounts are not FDIC-insured. What if a ...
2
votes
1answer
445 views

Is Tradeking collecting too much information when I open an Roth IRA?

I recently signed up with Tradeking a Roth IRA account. During registration, I entered my home address DOB and SSN. I was ok with it. But then Tradeking started sending me emails (1) the first one ...
0
votes
1answer
61 views

If I transfer brokerages for a taxable investment account, who is responsible for sending Form 1099s?

I am considering transferring brokerages for a taxable investment account. Will the new brokerage be responsible for sending me all Form 1099s for tax year 2013? Or is the old brokerage still ...
3
votes
2answers
121 views

Execute or trade an options contract?

Take this call for example: FIO Jan13 22 Call Let's say this Thursday the stock goes to $23. Here is my math: Cost of option: $35 Cost of stock bought at $22: 100x$22 = $2,200 Thursday price of ...
10
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3answers
263 views

What are the cons to using a brokerage account for day to day banking?

I've noticed (for awhile now) that my online discount brokerage account carries many features of a traditional bank account: Online bill pay Direct Deposit Checks ATM Card FDIC or SIPC coverage Cash ...
8
votes
2answers
954 views

Do margins on a brokerage account affect your credit score?

If you have the ability to trade on margin, will this improve your credit history/score? If you refuse to pay the margin and lack the funds to pay for the money borrowed, I understand that it can ...
4
votes
1answer
132 views

Borrowed shares how are they tracked?

When a short position is opened in the stock market how does the brokerage know whether the trader has actually borrowed the shares or not?
2
votes
2answers
215 views

Trading on exchanges or via brokerage companies?

I was wondering what relations are between brokerage companies and exchanges? Are brokers representing investors to trade on exchanges? For individual investors, what are some cons and pros of ...
5
votes
3answers
1k views

How can a U.S. citizen open a Canadian brokerage account?

Is there any way to open a Canadian brokerage account while still being a U.S. citizen? I would like to open an online brokerage account if possible in Canada to trade on the TSX (I hate ADR).
3
votes
2answers
92 views

How can I request and verify that my identity information is purged from a bank I no longer use?

I have consolidated a lot of finances from several banks (Chase, a Credit Union) and brokerage houses (Schwab, Fidelity) and since I no longer use these institutions I would like to request a complete ...
5
votes
1answer
279 views

When you buy mutual funds through a broker, where are the shares held?

This question arises from a previous one regarding managing all one's investments from one screen on a brokerage house's web site, and a recent answer by @Patches regarding segregation of the ...
6
votes
3answers
214 views

Can stock brokerage firms fail?

Can brokerage firms like Fidelity, TD Ameritrade, or Vanguard fail? They seem pretty unshakable, but the recent financial crisis made it clear that even very large financial companies can fall. And ...
5
votes
2answers
105 views

What is the correct way to report a tender offer fee on my taxes?

In 2011, I participated in a tender offer for Sunpower which had a fee of $25. My broker's tax form 1099B showed the proceeds from this offer but did not exclude this fee. My own calculations did ...
6
votes
1answer
409 views

Wells Fargo Brokerage has no shares of stock to short

I want to short several hundred shares of a stock. Wells Fargo brokerage has no shares to short. Would a different brokerage be likely to have access to shortable shares, or do they all access the ...
1
vote
2answers
283 views

Which brokers offer the largest selection of mutual funds?

I use Morningstar for mutual fund picks, but my broker (Merril Lynch) does not offer many of them. It's a pain because sometimes they don't offer good fund alternatives. Is my only option to move to ...
2
votes
2answers
101 views

How expensive is it to keep minimal cash at a brokerage?

With the recent events at MF Global, I am reluctant to keep any more than a minimum of cash at any brokerage; it seems that in the cases of fraud, you either don't get your money back or it may take ...
3
votes
2answers
6k views

What does “this trade was unsolicited” mean on a brokerage confirmation?

I sold some stock in my IRA brokerage account with Vanguard. Everything seems to have gone through fine, but the confirmation states in all caps that "this trade was unsolicited." I'm just curious ...
4
votes
3answers
371 views

Automatic investments for cheap

I'm looking for a way to do automatic investments (say to put $100 every month into an index fund). I use Sharebuilder for my regular investments, but it looks like they charge $4 per transaction for ...
8
votes
4answers
149 views

Other than being able to borrow to invest, how is a margin trading account different from a cash account?

Other than being able to borrow against one's portfolio value to purchase additional investments, how is a typical brokerage margin trading account different from a typical cash trading account? ...
5
votes
1answer
3k views

What is the fee charged for ADRs, which is deducted when dividends are paid?

My brokerage charges me a fee to hold ADRs; this fee is deducted anytime the ADRs pay dividends. I'm told that this is a standard fee and could not be negotiated. Is this fee truly carved in stone, ...
2
votes
1answer
102 views

What is the cost of “free” trades?

It's not unusual to get a certain number of free trades when you open a new account at a brokerage, but some firms have gone as far as effectively eliminating trading fees altogether. For example, ...
13
votes
4answers
2k views

Why does my bank suddenly need to know where my money comes from?

Today I went to my brokerage acct for Wells Fargo and the page said that online trading was suspended. So I called them and the rep said, "we need to know where your money came from." This is an odd ...
1
vote
1answer
176 views

At Questrade, based on the commission schedule, does an investor need to buy a minimum of 495 shares?

From this link: http://www.questrade.com/trading/tax_free_savings.aspx It says : commissions are 1ยข per share, $4.95 minimum / $9.95 maximum. That means , the investor needs to buy a minimum ...
5
votes
1answer
1k views

Understanding summary of brokerage account value, cash balance, buying power?

I am totally new to stock and their trading. I have questions when I was trying to understand an account at a brokerage company: Account 12345678(Margin) Net Liq Value $23,416.36 Buying Power - ...
2
votes
2answers
736 views

Finding a Brokerage for Dollar-Cost Averaging

What lessons can you share when practicing dollar-cost averaging with a discount brokerage? The goal is an inexpensive way to invest with every paycheck. With amounts that small, commissions have a ...
3
votes
2answers
163 views

Can I roll back an accidental brokerage & retirement account transfer?

I transferred my accounts (Brokerage + Traditional IRA + Roth IRA) from E*Trade to Edward Jones in full. I didn't realize a couple things in the process: That fees would be assessed ($180). That the ...
26
votes
4answers
1k views

Why do a lot of people recommend Vanguard so often?

What is it with Vanguard? I've heard the name come up a bunch, but I don't know why this particular company is getting all the good free press...
1
vote
2answers
1k views

How does transferring to a new brokerage account work?

I currently have 2 brokerage accounts - one at Schwab and one at Vanguard - I would like to consolidate them both at Vanguard. How does that work? Do the stocks (mutual funds in this case) just ...
2
votes
1answer
2k views

Can I transfer my Employee Stock Purchase Plan assets to a different broker?

I'm considering consolidating my assets with a single broker; is there any way I can transfer the shares I own to another manager? The trick is that each ESP purchase has a 2 year period before I ...
6
votes
5answers
500 views

Checking to brokerage transfer latency: Why does it take 3 days to move money, even at the same bank?

It takes my bank 3 days to transfer money back and forth to my brokerage account, even though my checking and brokerage accounts are both with the same bank. I don't understand why in the digital age ...
8
votes
2answers
720 views

Why does a no-load fund have transaction fees? Isn't that a contradiction?

According to Scottrade's website, the T. Rowe Price Retirement funds are "No-load" but at the same time "Transaction fees apply". I thought the whole idea of No-load funds was not having any ...
7
votes
2answers
707 views

How can I purchase Skype stock during the IPO?

Skype will be going IPO soon. How can I purchase their IPO stock?
16
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6answers
1k views

How do I get into investing in stocks?

How do I get into investing in stocks?