PP Certificates
Need recom for a Canadian broker contact info for depositing stock cert no US broker is accepting.
Any idea?? Tried IB but they are expensive comm: 0.01 per share.
Thanks.
Need recom for a Canadian broker contact info for depositing stock cert no US broker is accepting.
Any idea?? Tried IB but they are expensive comm: 0.01 per share.
Thanks.
I used sprott. Way back when I got them
I checked US Sprott about a year ago. If I recall correctly (possibly I don’t, and possibly they have changed), there was a $500 charge per transaction.
Most non-US financial institutions will refuse to have anything to do with a US client unless the person has massive amounts of money. There is far too much paperwork for them because of US laws and regs.
I have other things to do. I am actually wondering at this point whether — literally — I can donate some of these to the US Treasury. Haven’t checked out that option yet.
In any case, good luck, and I hope I learn something useful from you.
It is not just certificates. It is DRS problem not just certificate problem for low share price low market capitalization illiquid shares.
(US brokers will take a certificate of a Canadian company with a reasonable price per share, reasonable liquidity, reasonable market capitalization, US listing. I took a couple of OR certificates in to Fidelity recently and within 24 hours they had the shares in my account.)
TD Direct Investing
What is the contact info of TD Direct???
In US it is TDAmeridrade. but they returned all certs back.
My impression is that Fully, a Canadian, might have a pretty easy time with TD Direct Investing, whereas Bikoo, if a U.S. citizen, might be lucky even to get them to make the effort to give a negative response much less to help. Hope I’m wrong, and I hope to be able to use the TDDI route myself.
Just talk with TD : If you have never been to Canada you can not open account with any brokerage houses. Door closed. LOL. I had no idea this PP for non Canadian is going to be so complicated. My friend has same PP certs and he was able to deposit in TDA US account. They refused me. ???
May be transfer to Canadian charity and take deduction on IRS.
I have an idea. Surely Spock will know how to do this. Surely he can help.