Uh Oh – European Union Eliminating All Stock Certificates

Take note – A sign of things to come.

According to The Independent, a UK newspaper, the European Union has introduced an initiative that will stop the issuance of all stock certificates by 2015 and wipe out existing ones by 2020.  See the full article here.

It’s just a matter of time before this happens in the U.S. 

Outrageous Stock Certificate Fees!

stock certificate delivery fee reaction

Well, we warned you it was coming!

Anyone who asks their stock broker to deliver a physical stock certificate better ask what the fee is and you better be sitting down when you get the answer.  We just checked with Scottrade and Charles Schwab and they both charge $500.  In fact for most stocks, they cannot and will not deliver a physical stock certificate.

Why the $500?