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Stock name changes
One final question, I hope! We have two situtations where
we have received a new stock and Ameritrade has charged us
$20.00 for a mandatory reorganizational fee. Anonyx became
TPTX which created a $20.00 fee, I presume because it is a
new symbol to the stock market. Then Agilent spun off
Verigy which is also a new stock and we got another
mandatory reorganization charge from Ameritrade. Do these
charges become part of the cost of the stock like a
commission or are they just expenses. I assumed they were
general expenses, but I am not sure. Do all brokerages
charge for new stock or is this an Ameritrade rip-off?
Sandy
Sandy,

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Do all brokerages
charge for new stock or is this an Ameritrade rip-off?
>>

It's a rip-off practiced by way too many brokers. The $20 should be added to the basis of the stock. They way to accomplish that is to enter it as a negative return of capital.

Rip West
Saint Paul, MN