I have recently been attempting to sell off stock. I was notified of a buyout which I decided to take advantage of because of the gain in price.
I was notified by the exchange services that I had X amount of stock and that it would cost Y amount for the paperwork. I had no certificates so I had to pay based on the X amount of stock I was holding.
I paid the fees and did all the paperwork. When I got the payout, it was far less than promised. When I asked what happened, they said I only had 1/100th of the stock as previously stated.
What are my options for this issue? I was told I had hundreds of stock in the company. I paid the fees based on the numbers that they calculated. It seems like a bait and switch.
Is this an issue that I should bother to find a lawyer to handle or is this normal for stock trading? Is this something the SEC should be notified about?
Leave a Reply