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The Charles Schwab Corporation Message Board

  • sal.monila sal.monila Jul 10, 2012 3:07 PM Flag

    Big OUCH!

    $500 just to get a stock certificate?


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    • What is this, $500 to get a stock certificate?

      • 1 Reply to stckjy
      • It is the fee SCHWill will charge you if you choose to buy stock and hold it outside the brokerage industry by taking possession of the stock certificate.

        With MF Global stealing a billion plus in client funds, and failing to deliver 100% bought, paid for and supposedly segregated gold and silver, with PFGBest stealing hundreds of millions with the CEO faking bank records, with numerous complaints of Morgan Stanley's supposedly segregated gold accounts not having any gold in the at all all sections of the financial sector are becoming more and more suspect. Morgan Stanley lost a lawsuit where it was charged that it was charging clients a storage fee for metal that was never actually purchased, segregated, and stored.

        Does the fact that nobody at MF Global, has been indicted never mind imprisoned for that theft inspire confidence in the financial sector to anyone?

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