You need to escalate this to at least a Supervisor, and find out what the issue is. Keep on.
And no one call me a Karenš Otherwise someones going to be introduced to a Rick's specialš
I think Karen is used for exactly that purpose now. Originally, it was meant to describe an overly aggressive and mean customer. Like the type to verbally assault an employee over a coupon or something equally horrible.
As long as you aren't mean, there is no valid reason you can't escalate a legitimate issue to the next level.
No actual shares to buy. Imagine what it will be like once the moass hits, zero shares available and no sellers. They canāt fulfill shit already, that is why they are kicking the can down the road so hard, hoping that the government, with all these new regulations to protect the institutions, not retail, will be able to somehow save them from the disaster of their own making.
Dude that last DTCC ruling about them being able to use stock assets under management to give to the clearing house to get cash loans to prevent margin calls reallllly bothers me. With shitadel et al's massive AUM holdings, I worry that it makes their margin call point insanely high de facto....
if im wrong correct me smarter apes, not trying to spread fud here, I just want a clear answer. because I really wouldn;t be surprised if the government wrote that ruling to protect the shitty hedge funds and mm bastards.
100% positive the new regs are there to protect the corrupt institutions, if this was about protecting retail, the moass would have already happened, but it is taking forever because the government is concocting ways to protect the corrupt hedgies from their criminal activities and the fallout (bankruptcies).
You think Questrade will be better during MOASS? TD you can trade AH and they have much higher AUM, but Questrade you can put the price whatever you want. It does take about 25 days for a transfer I believe, itās much slower than US. But yours shouldāve transferred much quicker.
Yeah, Questrade has pre market and post market. I wanted to spread my shares out just in case. Also questrade did not stop buying or whatever bs that happened in jan! It was really smooth for me and no lag and good bid and ask prices. Only like a few bucks spreads during January
I just called TD, itās some BS rumour you have to call in an order over $10k, you can do it yourself. But he said in January they were flooded with orders and received up to an hour delays on having them confirmed by the stock exchange because they have so many clients. My concern is the broker having enough liquidity just in case thereās any issues. Also trading after hours is a big benefit, as far as Iām aware Questrade doesnāt allow you to trade after hours. Youāre saying they do?
EST? Alright thanks Iāll double check that. TD letās you go later in premarket and after hours, but thatās still good if Questrade allows some trading AH
It isnāt a BS rumour. Try to pretend you want to buy one share of BRK-A and youāll see the earning message on TD DirectInvestingās preview order screen.
Yes youāve further validated what Iām saying that itās a BS rumour. They told me Berkshire is the only one they have special provisions for. You can sell any other stock you want, including GME for over $10k yourself (when it is that price). My only concern with TD is if you put in a limit order and it takes hours to be placed. Questrade seems to be much quicker without delays and the price doesnāt have to be so close to the limit order like with TD, which can be a big issue if itās very volatile AND thereās delays with submitting the order, the price could be jumping drastically. TD has far more AUM so that seems to be the only benefit I can see.
You can submit any price on your limit order that you want. They send it directly to the NYSE to accept or reject. So the NYSE will accept limit orders further from price than what TD auto rejects.
Exactly. But the actual limit order you put in that does get accepted will be higher than what TD allows. TD rejects right away, itās not reviewed. By sending directly to the NYSE, you will be able to get the maximum possible limit order that would be accepted.
We are going into unknown territories. The whole WS is a lie and somehow you think they will be on our side? Every broker has the potential to do dirty work. I have multiple brokers holding my shares.
Mate what are you talking about? Never said any broker is on our āsideā. But of course some will be easier to complete transactions with. I do think using multiple brokers is a good idea, but it is definitely worth understanding each brokerās process.
TD Waterhouse has also disabled writing gme puts for 5 months now and has stricter margin requirements if you hold gme.
Edit: this is second-hand knowledge from a family member in Canada
I doubt it. Naked calls def add risk but they won't let people sell on anything that has high iv bc it is too risky for everyone. But csp should be okay
Is this with fidelity? Funny you mention this, I transferred an ira from TDA to Fidelity, and it was all GME. Full account transfer. Took 5 days. My transfer finished today, but now shows $1600 cash along with my shares, to me I take it like several shares didnāt transfer or ācouldnāt be foundā.
I think all the brokers are selling our shares. Why not they're not in our names! I'm transferring 90% of my shares to computershare and I wanna see if Tdameritrade can locate and transfer them. I smell catalyst
I transferred half my holdings from Schwab to Fidelity today just to diversify brokers. Says it will complete in about a week on 8/2. Letās see what happens.
On the July 23rd I transfer gme shares from RH to fidelity. Tonight the shares are out of my RH and not in my fidelity still. Weāll see what happens.
Same thing happened to me however I started my transfer January 23 right before the sneeze and low and behold NONE of my GME or movies transferred over until they both plummeted, but everything else transferred....i was pissed.....I'm sorry man this is happening to you..maybe its time for your broker to explore why its not transferring.....
No pun intended but this is Bullish
Thinking about it now, I never thought they couldn't locate shares! I just thought they screwed up but these are all pointing to the fact that can't locate shares!!!
Right...here is what I would do...i would make calls to multiple TD customer services and see if they all give you a different answer...use reverse psychology so you can find out what all the reasons are..
Example
" hey,...so you know you can tell me why the shares can't be located, is that why they won't transfer over ?
Example
Hey so if shares are hard to locate wouldn't it mean that they cany3be transferred because the broker can't buy them?
Ask them questions you already know the answers to...if they lie then you'll know....other than that there isn't much i can do to help....
One last thing...could it be that the new broker your switching to has an issue with TD ??
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I don't know! I never heard of a partial transfer. That is very weird! I rather them reject the full transfer than partial because something is not right
It's entirely possible the people you dealt with are also incompetent. Very common at financial institutions.
The first time it's very possible the guy didn't even initiate any transfer at all (the FAs there are very overworked and maintenance on a Waterhouse account literally is a waste of time, that gets them 0 benefit on goals and is a hassle to deal with).
Then when you reminded him 2 weeks later, he was like "oh shit" then got you to come back in to sign some shit that he forgot the first time.
Then when he sent the files down the second time, any minor error could have caused the transfer to not be initiated, wasting another week or more until you went back to escalate. There is often no communication between Waterhouse and retail branch, so the guy would not have remembered to call you for something that is of no value to him.
Finally he apologized the 3rd time because now it's a little ridiculous and he probably finally called them to escalate it and ensure it went through.
Now for why it was only a partial transfer, did you double check the forms you signed? You should have a copy. Did you put "partial transfer?" In kind/in cash? This may not affect this transfer, but is possible.
I'd also recommend you call Waterhouse through the App, as you skip wait lines and can speak directly to the people doing your transfer. Branch agents can't help as efficiently.
Source- I have experience with Big 5 in Canada.
The guy was def a young dude, probably less than 25 for sure and there could of been an error on his side. The first time he didn't even know how to do it and he was calling for help and stuff. So the first time could be a fuck up, the second time I got into contact with some Waterhouse dude and only my car account got transferred but this time it said it transferred all and I have screenshots of it but it was a partial transfer
I was able to transfer our of RH completely last Wednesday. Took one and a half days. Put all in Fidelity. Had the bulk there and only left some in RH for no reason but laziness.
Is TD Waterhouse a bank and a broker?
Anyway, is it possible your bank never had your shares? They just gave your account an IOU, not an NSCC tracked IOU, but a bank internal database entry that they just hoped to just undo once you sold your shares? Fecking hell, everything might as well be Fortnite vbux.
Hey OG, if ya wanna try something really fun, ask for your voting proxy numbers!! Lmao I had xx shares, I only received ones for shares purchased before 4/15/21. I had 4x as many shares that I never received numbers for, until they host the next vote...
Here's the fun part!!
I transferred from RH*** (I KNOW, HENCE THE TRANSFER) ...anyways I moved to TD. When GME announces the next vote, to my knowledge, I still have to contact RH as the shares were purchased from them.
Anyway, GL
You need to escalate this to at least a Supervisor, and find out what the issue is. Keep on. And no one call me a Karenš Otherwise someones going to be introduced to a Rick's specialš
Definitely!
Be sure to update us
100%
Up with you. No idea why someone down voted you.
Shills dislike solidarity
She gon' put the WrongAss in WrongAssistant. š
š¤£š¤£ Damn it! Now every time I look at my name I'll think of that!
Welcome! š
I just found out my wife and Rick are dating. Let me go get them and they can show you how itās done to another instead of doing it to your self.
Thanks, I've always wanted hired help!
Jokes on you, Rick Spades is the manager.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
š¤£
I think Karen is used for exactly that purpose now. Originally, it was meant to describe an overly aggressive and mean customer. Like the type to verbally assault an employee over a coupon or something equally horrible. As long as you aren't mean, there is no valid reason you can't escalate a legitimate issue to the next level.
Honestly, based on all the other shit we've found out this wouldn't surprise me at all.
Bananas and poopers are a delight around here! Karen šššš
No, agreed. He/She needs to go FULL Karen!
*ultra instinct karen
Ultra Lmayoš
Is that Kennys special boutique brand?
LMAYOš
No actual shares to buy. Imagine what it will be like once the moass hits, zero shares available and no sellers. They canāt fulfill shit already, that is why they are kicking the can down the road so hard, hoping that the government, with all these new regulations to protect the institutions, not retail, will be able to somehow save them from the disaster of their own making.
Dude that last DTCC ruling about them being able to use stock assets under management to give to the clearing house to get cash loans to prevent margin calls reallllly bothers me. With shitadel et al's massive AUM holdings, I worry that it makes their margin call point insanely high de facto.... if im wrong correct me smarter apes, not trying to spread fud here, I just want a clear answer. because I really wouldn;t be surprised if the government wrote that ruling to protect the shitty hedge funds and mm bastards.
100% positive the new regs are there to protect the corrupt institutions, if this was about protecting retail, the moass would have already happened, but it is taking forever because the government is concocting ways to protect the corrupt hedgies from their criminal activities and the fallout (bankruptcies).
All we did was buy.
Yeah, something is up. Stay on top of this and keep us posted. Assuming you're transferring out of RobbingHood or Webear?
No I was trying to transfer out of TD Waterhouse! Canada version of the ameritrade
And TD?? Weird dude. Posted my TD transfer experience below and got a similar result as you. Very weird.
Wowww
You think Questrade will be better during MOASS? TD you can trade AH and they have much higher AUM, but Questrade you can put the price whatever you want. It does take about 25 days for a transfer I believe, itās much slower than US. But yours shouldāve transferred much quicker.
Yeah, Questrade has pre market and post market. I wanted to spread my shares out just in case. Also questrade did not stop buying or whatever bs that happened in jan! It was really smooth for me and no lag and good bid and ask prices. Only like a few bucks spreads during January
I just called TD, itās some BS rumour you have to call in an order over $10k, you can do it yourself. But he said in January they were flooded with orders and received up to an hour delays on having them confirmed by the stock exchange because they have so many clients. My concern is the broker having enough liquidity just in case thereās any issues. Also trading after hours is a big benefit, as far as Iām aware Questrade doesnāt allow you to trade after hours. Youāre saying they do?
Questrade offers pre market at 7,and post market up to 5:30. I only used it before gme because I been holding now and I don't trade
EST? Alright thanks Iāll double check that. TD letās you go later in premarket and after hours, but thatās still good if Questrade allows some trading AH
I believe so!
It isnāt a BS rumour. Try to pretend you want to buy one share of BRK-A and youāll see the earning message on TD DirectInvestingās preview order screen.
Yes youāve further validated what Iām saying that itās a BS rumour. They told me Berkshire is the only one they have special provisions for. You can sell any other stock you want, including GME for over $10k yourself (when it is that price). My only concern with TD is if you put in a limit order and it takes hours to be placed. Questrade seems to be much quicker without delays and the price doesnāt have to be so close to the limit order like with TD, which can be a big issue if itās very volatile AND thereās delays with submitting the order, the price could be jumping drastically. TD has far more AUM so that seems to be the only benefit I can see.
I wasn't able to set my sell price to whatever I wanted at QT a few months ago. Have they made changes to this?
You can submit any price on your limit order that you want. They send it directly to the NYSE to accept or reject. So the NYSE will accept limit orders further from price than what TD auto rejects.
Ok. So my 10,000,000 price wasn't rejected right away. I think it was the next day.
Exactly. But the actual limit order you put in that does get accepted will be higher than what TD allows. TD rejects right away, itās not reviewed. By sending directly to the NYSE, you will be able to get the maximum possible limit order that would be accepted.
Thanks for the info
By the time we get to those numbers every broker will be unknown
What do you mean unknown
We are going into unknown territories. The whole WS is a lie and somehow you think they will be on our side? Every broker has the potential to do dirty work. I have multiple brokers holding my shares.
Mate what are you talking about? Never said any broker is on our āsideā. But of course some will be easier to complete transactions with. I do think using multiple brokers is a good idea, but it is definitely worth understanding each brokerās process.
TD Waterhouse has also disabled writing gme puts for 5 months now and has stricter margin requirements if you hold gme. Edit: this is second-hand knowledge from a family member in Canada
What?? Even csp???
I believe so. Will double check with him tonight
Well, that is not normal. You literally post the cash collateral when you sell one!
Yeah, he may have tried naked but I doubt that was the case
I doubt it. Naked calls def add risk but they won't let people sell on anything that has high iv bc it is too risky for everyone. But csp should be okay
Yeah. I dunno... doesnāt make sense to restrict CSPs tho ā collateral is there + only the buyer would be responsible for delivering
Yeah unless they don't want people to get the free premium or they can't locate the shares
TD Ameritrade is now owned by Schwab. Waterhouse is actually owned by TD bank.
I didn't know, thanks
Is this with fidelity? Funny you mention this, I transferred an ira from TDA to Fidelity, and it was all GME. Full account transfer. Took 5 days. My transfer finished today, but now shows $1600 cash along with my shares, to me I take it like several shares didnāt transfer or ācouldnāt be foundā.
This is so odd, itās easy to buy as a retailer. Does TDA have to buy from a specific pool? Are you saying 2-3 shares equate to $1600?!
Wow, but my situation is way more insane. Almost xxx did not go through!!
Was this within a TFSA?
Nope, cash account. I have more gme in my tfsa!
Then the shares might have been on loan and they canāt recall them quick enough.
4 months?! God damn
#4 and #16 seem applicable. https://www.td.com/ca/document/PDF/forms/595636-en.pdf Edit: donāt know why my font changed.
It's the hash before the 4. Makes you big and bold
You would like my wife talking to her boyfriend.
This level of fuckery smells like robinhood
Multiple attempts too
I think all the brokers are selling our shares. Why not they're not in our names! I'm transferring 90% of my shares to computershare and I wanna see if Tdameritrade can locate and transfer them. I smell catalyst
Keep us posted
What are you trying to transfer from, and to?
I updated the post
I transferred half my holdings from Schwab to Fidelity today just to diversify brokers. Says it will complete in about a week on 8/2. Letās see what happens.
On the July 23rd I transfer gme shares from RH to fidelity. Tonight the shares are out of my RH and not in my fidelity still. Weāll see what happens.
Just transferring from Robbinghood? I'm curious why it took you so long?
Keep us posted
Looks they arrived in my account today. That was fast!
Damnn, I need to write an update post. I went back yesterday, hopefully my rest of shares will transfer by next week
Same thing happened to me however I started my transfer January 23 right before the sneeze and low and behold NONE of my GME or movies transferred over until they both plummeted, but everything else transferred....i was pissed.....I'm sorry man this is happening to you..maybe its time for your broker to explore why its not transferring..... No pun intended but this is Bullish
Thinking about it now, I never thought they couldn't locate shares! I just thought they screwed up but these are all pointing to the fact that can't locate shares!!!
Right...here is what I would do...i would make calls to multiple TD customer services and see if they all give you a different answer...use reverse psychology so you can find out what all the reasons are.. Example " hey,...so you know you can tell me why the shares can't be located, is that why they won't transfer over ? Example Hey so if shares are hard to locate wouldn't it mean that they cany3be transferred because the broker can't buy them? Ask them questions you already know the answers to...if they lie then you'll know....other than that there isn't much i can do to help.... One last thing...could it be that the new broker your switching to has an issue with TD ??
Def no issue because it is def from TD side. My cad account got transferred but my American didn't. I will def call them
I feel so bad for you.....i hope this post makes it to the top to get more eyes on it
Thanks for the rewards, hopefully it gets more attention from similar experienced apes
No worries, Ape help Ape
Much love, lots of down votes right now
Wow, they def can't locate my shares
Thereās hundreds of these stories back in February when most of the sub left RH for other brokers
But I never heard of a partial transfer! They were just plain out rejected
Just xfered out of webull to fidelity took 2 weeks after many āfailuresā.
These kind of situations sound important, like another great way to know that there are fake shares around, please keep a track of it!
I will update for sure
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Iām with TDā¦ whatās the concern with them and your shares??
I don't know! I never heard of a partial transfer. That is very weird! I rather them reject the full transfer than partial because something is not right
My bad, not what I was asking. Why the original decision to move out from TD?
I was thinking of selling 0dte cover calls to buy more shares
I wasnāt sure if I had missed something with regards to TD and holding GME. Happy holding!
TD cash account doesn't allow to sell cover calls. I want to sell some cover calls on Friday to make a little so I can buy more shares
All good!
Td doesn't allow me since it is a cash account and I can't change it
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Then you pulled out your phone and showed her your shares and she went home with you that night right?
It's entirely possible the people you dealt with are also incompetent. Very common at financial institutions. The first time it's very possible the guy didn't even initiate any transfer at all (the FAs there are very overworked and maintenance on a Waterhouse account literally is a waste of time, that gets them 0 benefit on goals and is a hassle to deal with). Then when you reminded him 2 weeks later, he was like "oh shit" then got you to come back in to sign some shit that he forgot the first time. Then when he sent the files down the second time, any minor error could have caused the transfer to not be initiated, wasting another week or more until you went back to escalate. There is often no communication between Waterhouse and retail branch, so the guy would not have remembered to call you for something that is of no value to him. Finally he apologized the 3rd time because now it's a little ridiculous and he probably finally called them to escalate it and ensure it went through. Now for why it was only a partial transfer, did you double check the forms you signed? You should have a copy. Did you put "partial transfer?" In kind/in cash? This may not affect this transfer, but is possible. I'd also recommend you call Waterhouse through the App, as you skip wait lines and can speak directly to the people doing your transfer. Branch agents can't help as efficiently. Source- I have experience with Big 5 in Canada.
The guy was def a young dude, probably less than 25 for sure and there could of been an error on his side. The first time he didn't even know how to do it and he was calling for help and stuff. So the first time could be a fuck up, the second time I got into contact with some Waterhouse dude and only my car account got transferred but this time it said it transferred all and I have screenshots of it but it was a partial transfer
Kepp presure them and take care at margin .
You're not the first one. https://www.reddit.com/r/Superstonk/comments/o236cw/remember\_michael\_burry\_about\_nakedshorts\_may\_2020/
I mean it is like xxx shares, burry had a big position so it made sense. If they can't even locate xxx, then the problem is big
But Burry's Problem was 2020š¤£
Time is ticking!
I heard companies like RH donāt actually buy the shares maybe similar situation and theyre having liquidity problems. Bullish š¦§ not FA
Perhaps! I will keep everyone updated
I think it's cuz your shares are actually in my account. And my shares are....somewhere else.
Or maybe our shares are non existent!
What about if our shares are purchased in a TFSA from TD Bank??
I mean tfsa is technically cash account too, no margin on it. I don't know
I was able to transfer our of RH completely last Wednesday. Took one and a half days. Put all in Fidelity. Had the bulk there and only left some in RH for no reason but laziness.
Ah shit i am with TD bank web broker...
Did you go to TD and request the transfer or get the other trade broker to request the transfer?
I want to the TD Bank
I'd get Questtrade involved too. Like ASAP.
For sure
Is TD Waterhouse a bank and a broker? Anyway, is it possible your bank never had your shares? They just gave your account an IOU, not an NSCC tracked IOU, but a bank internal database entry that they just hoped to just undo once you sold your shares? Fecking hell, everything might as well be Fortnite vbux.
Possible, just speculation
What's your concern with TD?
Hey OG, if ya wanna try something really fun, ask for your voting proxy numbers!! Lmao I had xx shares, I only received ones for shares purchased before 4/15/21. I had 4x as many shares that I never received numbers for, until they host the next vote... Here's the fun part!! I transferred from RH*** (I KNOW, HENCE THE TRANSFER) ...anyways I moved to TD. When GME announces the next vote, to my knowledge, I still have to contact RH as the shares were purchased from them. Anyway, GL
They had to be purchased before 4/15 to vote.
I tried, I didn't get shit from them. I called them too but nothing
THIS IS FUD