Dodging Fees

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Dear Bob,

You say to take possession of your stock certificates. When I tried to do this they wanted to charge me $500 for each certificate. Is there a way around this fee?

Thanks,
David S.

Dear David,

This is outrageous. I didn’t pay anything for mine a long time ago.

Maybe you can transfer them to a broker and ask for the certificates. Maybe you can transfer them all direct to the transfer agent and then take possession. This cuts the broker out. It’s a safer position for the transfer agent to hold the stocks. Ask your broker who the transfer agent is on your stocks.

Best wishes,
Bob

Personal Liberty

Bob Livingston

founder of Personal Liberty Digest™, is an ultra-conservative American author and editor of The Bob Livingston Letter™, in circulation since 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.

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  • Bill

    Fire your broker. And qualify any new brokers. You can still have an account and keep your own certificates.

  • fedup15232

    The answer to this is to use Direct Registration. Your shares are directly registered with the company’s transfer agent. Not all stocks have direct registration. Call your broker. Ask if security XYZ offers direct registration. If it does, instruct your broker to move your shares into DR.

  • Rocketman

    Anyone who charges you $500 for transferring your stocks is ripping you off big time and I would transfer the stocks to another brokerage pronto. I have had in the past few years had my stocks transferred to Direct Registration and it has never cost me more than $50 and sometimes as low as $13.50.

  • jeannie pryor

    Good Luck!!

  • jeannie pryor

    Thanks Bob for your useful web-site!!!