Has anyone who has sold & paid received their money yet?

Posts: 19 · Vonage Forum Associate Joined: May 22, 2006 Posts: 19

I sold on day 2 ($13.30) and paid on time. I still have not seen my money, has anyone else?

Posts: 243 · Vonage Forum Master Joined: Jan 18, 2004 Posts: 243

Have you logged into your account to see if the trade has settled? IF it has I'm sure the money is sitting in your brokerage account, you'll need to close the account and or request a withdrawal.

Posts: 5 · New Forum Member Joined: May 24, 2006 Posts: 5

gfoulks wrote:

Have you logged into your account to see if the trade has settled? IF it has I'm sure the money is sitting in your brokerage account, you'll need to close the account and or request a withdrawal.

Not true. At least for UBS accounts. It states on the site:

"1. If you sell all the shares allocated to you, a check will automatically be issued to you for the cash balance, mailed to the the address you have provided, and your Vonage DSP account will be automatically closed."

I sold on day 1 @ 14.50, sent my check on day 2, and still have not received the balance of my account.

Posts: 19 · Vonage Forum Associate Joined: May 22, 2006 Posts: 19

I agree. When I sold my shares they(Smith Barney) said they would be sending out the check as soon as the received my payment. The accounts we opened up are not like regular trading accounts, they should not hold balances. I am going to call tomorrow if I don't see my check today.

Posts: 14 · Vonage Forum Associate Joined: May 23, 2006 Posts: 14

gomo wrote:

I sold on day 2 ($13.30) and paid on time. I still have not seen my money, has anyone else?

Yes I sold day one and got the check about 1 week ago.

Posts: 13 · Vonage Forum Associate Joined: Sep 01, 2005 Posts: 13

Yes - I received my check about 3 business days after I sold (w/Smith Barney)