Possible?!

Discussion in 'Options' started by cigarno, May 17, 2010.

  1. spindr0

    spindr0

     
    #11     May 17, 2010
  2. spindr0

    spindr0

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    Quote from spindr0:

    Why would one do this in separate accounts in the first place?
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    I think that's a winning answer!

    :)
     
    #12     May 17, 2010
  3. erol

    erol

    How is that money laundering?...:confused:
     
    #13     May 17, 2010
  4. MTE

    MTE

    It has nothing to do with the stocks being fungible. You have to look at the process behind it. Both IB and MF are clearers so essentially you are talking about transfering a stock between two clearing firms, which is possible, but I doubt anyone would go through the trouble of doing it for 100 shares and it may take a while, so my answer would still be: "no, it's not possible".
     
    #14     May 20, 2010
  5. spindr0

    spindr0

    I don't know current policy since I haven't opened a new account in a long time but 10-15+ years ago, many brokers began charging a fee of $50 or more to ACAD a stock position (or account) out.
     
    #15     May 20, 2010