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?
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!
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.
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.