Sourcing The Depositor(s)?
I hadn't even noticed cash deposits taking place in the cash sweep account at my brokerage house going back several years, until I noticed one for almost $400.00 that took place Monday evening. I frankly don't pay a lot of attention to what little I have in cash anymore. Just never noticed $88 here, $56 there over time. I never realized it, but there's no source attached to any these deposits. They're not dividends, because any and all dividends are re-invested automatically in more shares of <stock.> I hope that one call to the brokerage firm will answer this Q, but from what I can tell, there's no way to determine the source/depositor on-line, on their website. Outside entities do not have my account #s, so the list of possible in-house account entities of record is a very short list.
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So some unknown entity is anonymously making cash deposits into your account? That sounds like a problem I wouldn't mind having, though it might make me a bit nervous for tax reasons.
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Could be someone making a deposit to an account with transposed digits or off by one digit. Happens quite frequently, especially if your account number is close to a corporate account number that receives a lot of deposits.
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Have you tried asking the bank...?
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Possible. If the split doesn't give you a round number of shares, they pay the remainder in cash. But the online account should show the deposit as a dividend or proceeds from a split, not as a bank deposit. Should be easy enough to check.
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Well...? |
Sounds like a money laundering conspiracy. I suspect drug cartels or maybe a Nigerian prince. Could be al Qaeda. Maybe even WalMart.
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Tracked down source(s), making deposits, but still unidentified. No clear explanation of reason(s) for funding other than mispriced securities or a change in exchange rates/charges, if that? Basically, just don't know. As long as the money is flowing in they're welcome to send more anytime they want to. I'll put it to good use! ;):D:)
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how unethically enterprising of you
youve identified that its not connected with any of your investments, and you are gonna stop there and keep the money as it comes in. and this isnt classified as stealing how? id be taking every dime of that mistaken money and putting it in its own account until i resolved the mistake and returned the cash to the rightful owner. that is the only appropriate action. |
Surely this wouldn't be simply an opportunity to talk about the "portfolio" on this site now would it?
Wonder how long it'll take you to just ask the bank what is going on and what action to take... |
I really don't care to hear about his Ameritrade account.
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Since the thresholds of minimums have crossed the lines at different times, as well as my having over 5 brokerage houses since I was 24 years old - I wasn't understanding the where and why for the last couple years. But once I realized the why, then I set about finding the origins. Have a great year! :) |
It is unfortunate that it took 5 months to resolve such a simple concern.
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