My state torn up FLA.
I thought legally i was the only one that could take out shares in a mutual Fund?. The company and i could put shares in say by being bought, stock split, rollover dividens. On 2/25/05 this major company took out .038 shares in which was the amount of $4.25. Both the Co. and i had $1000's in the fund. Again on 6/21/05, .0023 shares which = $.25, again 11/22/05, .011 shares=$1.23.
Is this legal?. Was there some new Law starting in 2005?. I called them but could not understand what they were trying to tell me. Why shares not cash?. Never happened on any other investments . Had this fund since 9/30/96. 70 1/2 rule does not apply. I'm not that old!.
Please shed some lite on this if you can, or some Organization that can.
I thought legally i was the only one that could take out shares in a mutual Fund?. The company and i could put shares in say by being bought, stock split, rollover dividens. On 2/25/05 this major company took out .038 shares in which was the amount of $4.25. Both the Co. and i had $1000's in the fund. Again on 6/21/05, .0023 shares which = $.25, again 11/22/05, .011 shares=$1.23.
Is this legal?. Was there some new Law starting in 2005?. I called them but could not understand what they were trying to tell me. Why shares not cash?. Never happened on any other investments . Had this fund since 9/30/96. 70 1/2 rule does not apply. I'm not that old!.
Please shed some lite on this if you can, or some Organization that can.