The company I work for chooses to deposit stock option shares into an E*Trade account. I recently authorized Charles Schwab to pry my shares loose. After the fact, I learned that the opportunistic E*Trade SOBs levied a $50.00 fee for this transfer.
Talking with one of their customer servants, he sympathized, and said if Id initiated the transfer by calling them (pushing the shares to Schwab) rather than what I did (pulling them from Shwab), there would have been no fee. Any refund? Not bloody likely; they already got the money.
I cant do diddly about my company having chosen these bozoids for distribution of option shares. But I closed my personal account right on the spot. Nuts to them!
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