Abbott Laboratories Message Board
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ABBV shares haven't distribributed to Scottrade account
Scottrade says it may be a few days before ABBV distribution will hit my wife's account. Anyone else having an issue with not receiving their ABBV shares yet, whether at Scottrade or elsewhere?
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My AABV shares are in this AM Scottrade
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got my shares today
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I have the same problem with Scottrade. I called about it friday and was told my shares would be in my account by monday. My shares are still not in my account.
Sentiment: Hold
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Just talked to Scottrade. Scottrade said it should be in the Account by tomorrow.
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still not receive ABBV at Scottrade.
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They showed up on my Edward Jones account Jan. 2.
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Also no satisfaction with sharebuilder! I have contacted them twice, once before (1/2), contacting computershare and once after (1/3). They claim they were resolving the issue and would send a message to my e-mail account today (1/4). Well no entry for ABBV and no E-mail! I have searched ABT's website looking for the typical boiler plate disclaimer about transferring stock and have not found anything. I can't believe that they are withing their rights to withhold the distribution on stock in a timely fashion. I have started looking at the useless SEC's website to see how to file a complaint!
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No ABBV shares in my Scottrade account as of 1/4. I may be wrong in thinking this, but my impression is that this is mainly a problem at Scottrade as I ran into the same thing in the past with spin-offs from Conoco Phillips and Verizon. Folks with accounts at Fidelity, TD Ameritrade, E-Trade, etc. were posting that the spin-off shares were in their accounts, while those of us with Scottrade were left high and dry for several extra days. Very annoying.
- 1 Reply to dzahary
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Sounds unique to Scottrade. ABBV shares showed up in my Schwab account on January 2. They still don't have the cost basis figured out, not even showing one for ABBV and a wrong one for ABT. But the shares are there.
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I have Abbot also in my wife's account at Scottrade.ABBV shares have not shown up yet also.
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You can trade them by phone. They say they still haven't rec'd them yet, but you can trade by phone if you accept the risk of having to buy them back to cover the trade if the deal collapses and you never get the distribution.
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