Ronnie Smith
Elio Fan
Just talked to scottrade. They will not transfer my elio shares to my account. Shares are totally useless.
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Stock Transfer
- Thread starter Ronnie Smith
- Start date
TCBronson
Elio Addict
Pick a different broker, I use Fidelity and they did the transfer.
There is a thread titled Brokers accepting Elio Stock transfers and here is a list for you.
There are currently nine brokers now accepting Elio Motors stock transfers; Charles Schwab, Smith Barney,
Morgan Stanley, Merill Lynch, Scottrade (reportedly not accepting ELIO transfers), Alpine Securities, Interactive Brokers, First Clearing, ETrade (irregular reports of not/accepting ELIO transfers), Bank of America.
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bunchathrees
Elio Addict
I am following HonestTex's lead and establishing an account at Optionshouse. Some brokers appear to be overly cautious. My guess is that they are waiting for their legal departments to weigh in.
CHUCK G.
Elio Aficionado
- Joined
- Jul 9, 2014
- Messages
- 73
- Reaction score
- 129
I had my shares transfer to NEW SCOTTRADE ACCOUNT no problem! It took 10 business days. VSTOCK must make the transfer. Contact VSTOCK directly.
TMOSteel
Elio Addict
Scottrade doesn't know what they are talking about; see my posts elsewhere, I am inclined to believe CHUCK G. as Scottrade contacted me back after a week of no, no and no to say they were wrong.
Most likely you got another person who sees Elio as Regulation A stock and not Regulation A+, which apparently there is a difference. The Elio stock is NOT restricted stock, which is what Scottrade kept telling me, until they finally contacted Vstock and learned they were wrong.
Waiting on E*TRADE to complete my transfer, got tired of hearing "no" from Scottrade.
Ty
Elio Addict
USAA just asked me for a copy of my subscription agreement or something like that. They said it may have been an email. Does anyone know what that is or where to get it?
bunchathrees
Elio Addict
The one from VStock should have everything you need.
Ty
Elio Addict
I have those two and the one from VStock mentions that you need to "sign at the bottom of the page by typing your full legal name." and they call it a subscribers agreement but I can't get to that page now that stock is being actively traded.