Collecting Funds from Broker

[colormetigger]

What is the name of your state? Nevada

I sold my shares and haven't receive my check, from the broker, to date. They've sent it via postal service twice and I didn't receive it and so I went to my former employer to get the funds from them and they said they would issue a check and I havne't received that one either. This has been ongoing for over 2 months. What course of action am I able to take to get my money? I have all the dates and names of the people I spoke to as back up. I was also explained by my former empoyer that they were having trouble with their brokerage company and this has happened on more than one ocassion. I really want my money. Please help.

 

[divgradcurl]

What is the name of your state? Nevada

I sold my shares and haven't receive my check, from the broker, to date. They've sent it via postal service twice and I didn't receive it and so I went to my former employer to get the funds from them and they said they would issue a check and I havne't received that one either. This has been ongoing for over 2 months. What course of action am I able to take to get my money? I have all the dates and names of the people I spoke to as back up. I was also explained by my former empoyer that they were having trouble with their brokerage company and this has happened on more than one ocassion. I really want my money. Please help.

Sue them in small claims court if the amount is small enough, otherwise, get a lawyer to write a demand letter -- if that doesn't shake the money loose, you'll need to sue them.

 

[SassySkrt]

They should be able to wire your money directly to your bank account. You should have the money the same day they send it. Some brokers/banks do charge a small fee for the service, but I'd think it'd be worth it to have it all over with.