So I am still new to the stock investment process (2 years in) and I am learning new lessons every day. For example, the day prior to Twitter going private I purchased (1) share of TWTR for $53.90. The next day (day it became private) the stock was still in my portfolio with a place holder name and a value of $54.20. It may seem trivial but it was a $.25 win. All of this was as expected.
This morning I woke up to an alert from my E*Trade acct saying that the Twitter stock was liquidated and my account was credited the $54.20. I expected something like this. However, I also had this in my inbox:
” TWITTER INC MANDATORY REORG FEE CHARGED $ -38.00 ”
Here is where the questions begin:
Has anyone else seen this before?
Is this an E*Trade thing or is this the equivalent to a “Bag Holder Fee” on all platforms?
Does the money go to Twitter or E*Trade/platform?
Leave a Reply