Timeline for Why can I not buy fractional stock, but see fractional amounts vested?
Current License: CC BY-SA 4.0
6 events
| when toggle format | what | by | license | comment | |
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| Dec 4, 2022 at 19:24 | history | edited | Steve | CC BY-SA 4.0 |
Changes to structure of last paragraph the clarify that you may not get all rights for the partial share, depending on the brokerage.
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| Dec 4, 2022 at 19:17 | comment | added | Steve | @jpa Depends on the brokerage for this. General advice is to check with your brokerage what your rights are. | |
| Dec 2, 2022 at 11:37 | comment | added | Dean MacGregor | In your last paragraph, I think it describes the situation from the aggregate level but in the timeframe that would be interesting to a user I think what happens is that the brokerage assumes the risk of being short or long no more than (let's say .5) shares and whenever a retail investor wants to buy/sell fractional shares, the brokerage looks to see if they need to buy/sell 1 share to make their balance work. They can mitigate their exposure of doing that by giving bad 2-ways on those fractional shares. | |
| Dec 2, 2022 at 7:02 | comment | added | jpa | I think with most brokers, you don't get any voting rights for fractional shares. | |
| S Dec 2, 2022 at 3:12 | review | First answers | |||
| Dec 2, 2022 at 4:03 | |||||
| S Dec 2, 2022 at 3:12 | history | answered | Steve | CC BY-SA 4.0 |