I’m having such a difficult time with Merrill; they just do not communicate back even something basic such as we are working on your request.
Before moving everything to Schwab, I want to make sure that I am getting into a worse situation.
Is this a thing? Can I do this?
Currently, I own shares of a company that will IPO. Those shares are held in a stockholding company. I need to transfer those shares to a brokerage account before the IPO so that, when it does, I have the option to sell them. I don't know if my Meryll Lynch brokerage account can be used for that.
Does anyone have any experience with anything remotely like this?
Help
Hi all,
Getting my legs under me for MerrillEdge and think I understand most of what's going on in the world (at least as it impacts me so far) but I'm having a hard time understanding how mutual fund-like buys are executed/processed/settled.
I know they're generally priced based on EOD NAV, but I also know TTTXX behaves differently since it shows up as a money account and with a fixed $1.00 price.
I'm trying to understand what should be expected when I enter a buy order for TTTXX... E.g. yesterday at ~1PM ET, I had about $7.xx (whoo) left over after transferring some cash from the BofA side to buy some other securities. I entered a buy for 7 x TTTXX and got a "The market is now closed..." message.
This morning I still have an open order an $7.xx sitting in my Cash Balance.
When will that order actually be processed and when is the cutoff for the order to be processed the same day?
Not very consequential in any case but trying to understand the what is expected and why.
TIA!