Archive for the 'Brokerage' Category

Wells Fargo adds tax-lot trading to online system

Monday, December 15th, 2008

Thanks to reader Buddy Hall’s feedback, I now know that Wells Fargo has just added tax-lot trading to their online system.  Now, there is “no more calling into a broker after sale to identify your tax lot sold. Wells Fargo offers new web interface to specify shares from tax lots to be sold.”
The link to [...]

Tradeking changes its ACH holding time to 60 business days

Saturday, December 13th, 2008

In a previous post, I wrote that Tradeking is holding my money hostage.
Basically the issues started after I indicated my intention to transfer my business elsewhere. Tradeking started a lock-down on my account, restricted my account and then told me that any money that I transferred by ACH to them cannot be returned for 60 [...]

Tradeking is holding my money hostage

Wednesday, December 10th, 2008

Recently, due to my tax loss harvesting transactions, I decided to move part of my portfolio to Tradeking and try them out.
Because Tradeking has an ACH limitation of $10,000 per transaction, I had to split up my transfers into chunks of this size or smaller to have my money transferred. Tradeking happily accepted the money [...]