Don't leave it up to "too big to fail" Morgan Stanley. They pretty much think they can do anything they want. It's clear they're trying to make you pay for their mistake.
Contact the SEC at SEC.gov to file a complaint and let the regulator look into it.
The SEC's mandate is to maintain a fair and orderly market. Allowing companies to declare dividends and then rescind without making those hurt by it whole is definitely neither a fair nor orderly market. Complain to the regulator.
Some phone jockey told us yesterday that they don't feel responsible for pre-market shares. I don't think a court would agree since the stock went ex-dividend not at 9:30 am but at 12:01 am. We've contacted our lawyer.
Please post any updates you get from management, canoner. I'll do the same.
there might still be another coming
anyone who ever used FRO for its Divi knows how they would sometimes announce a second Divi a few days later,
i'm wondering about that ''retained'' Dividend still unaccounted for. if anyone has a clue on this please post it. it says they paid the tax and retained it for some vague reason mentioned in the PR. read the PR, its a few bucks
40.66, I get 43.78, this is a huge opp. I just borrowed 5 million from my rich uncle Ted, and will be putting in a market on close order for the wad.
I figure Ill make 1.5 million overnight.