Account Transfer and Commission Fees

Discussion in 'Ag Futures' started by golb0016, Oct 18, 2011.

  1. golb0016

    golb0016

    I recently transferred my futures account from one broker to another while keeping all the same positions. The initial broker charged commission for all the open position transfers despite none of the positions being closed. Is this legal/ethical? Where would it be disclosed? I've looked through the documents i signed at the start of the account and nothing about this is mentioned.