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To: Judith who wrote (244)11/25/1997 5:34:00 PM
From: MichaelDP  Respond to of 602
 
I have done a DTC from Amertrade to Farsight...and had to get Ameritrade to iniate it...it was $25 a security but they did do it...it actualy took 4 days but still heck of alot quicker than thenormal process.



To: Judith who wrote (244)11/25/1997 5:37:00 PM
From: Dave Shares  Respond to of 602
 
Today, I took care of three situations by DTC transfer. Amen. when I asked about why it just isn't done this way period, I was told that partial account transfers aren't regulated (the originating broker can take their sweet time) but full transfers are. Anyhow, I was also told (this is the important part) that you can't DTC transfer mutual funds and "certain other types of securities".

Anyhow, as the saying goes, all's well that ends well (I hope)

David



To: Judith who wrote (244)11/25/1997 10:45:00 PM
From: mtnres  Respond to of 602
 
This is true, I experienced the same thing. It is either a charge or a black mark on the broker to request a DTC transfer because initially you have to play a game. Ultimately, in my experience also, it is the responsibility of the brokerage you are transferring from to initiate the DTC transfer. They don't like it, they whine, but, it's your stock, DEMAND what you want done with it.


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