I'm a lay investor. I had an account with TD Waterhouse and they decided to start an inactivity fee so I transfered my stocks to Datek. I specificaly asked if they had an inactivity fee, they said no. This is why I chose their service.
Yesterday I got an e-mail stating I had a negative balance because they started an inactivity fee. I was never informed of this change. I called them, asked for my certificates and they said it would cost me $75 each. I mailed them the original cerytificates in hard copy when I opened the account.
Mrs. vargo said she would waive the $15 inactivity fee but they wish to unfairly charge me $25 to transfer my stocks to USAA. This is very unfair and damaging to the lay investor. I'm not a rich man, however I know this is no way to stimulate growth in a recovering economy with a war ongoing.
