Plenty of posts about new holds at VG too. All brokers are doing these now. But yes, not transferring money out solves it.Nice. Glad I am at Vanguard and don’t plan to move.A hold is a hold. Nothing in regulations against a hold preventing acats. It will fail.But can he ACATS the money to a different brokerage if he so chooses? Or will Fidelity not honor the ACATS transfer?This person did an ACH of 500k, then was surprised their money was held.If you do an ACATS transfer, the company holding your assets is supposed to transfer your money without delay, and it’s the responsibility of the receiving company to verify that the request is legitimate. I wonder if Fidelity’s account lock is an exception, where they can ignore the usual ACATS rules?
The hold is there for a reason. Fidelity is not unique. TT held me for 60 days following acats in
Statistics: Posted by nalor511 — Sun Sep 29, 2024 9:22 pm