ABBV shares haven't distribributed to Scottrade account
Everyone is in the same boat. You should complain as this is not right. We are all 100% exposed here should ABBV tank or even just slowly bleed. How do you set a stop loss on shares that you are entitled to but cant touch?
Everyone is NOT in the same boat. I own ABT in an account at Fidelity and my ABBV distributed shares hit that account yesterday. Seems unlikely that Compushare Trust Company (the distribution agent) would distribute shares to some brokers and not to others.
Actually this is the case. Every spin-off I have been a part of (Motorola, ConocoPhillips, etc.) has not distributed immediately on the spin-off date. Sometimes it's a day, in the case of MOT it was almost two weeks. I don't know why and it is annoying, but everyone will get their shares.
K just had a chat with sharebuilder and they said that ABT has not released the shares to my account. They claim that its ABT call and that it will be in my account on 1/7. How would abbv shares be trading if that is the case?