The story gets better. I reasoned that TDAmeritrade had returned my free trading stock certificate because they did not want the risk of having compliance issues if the stock transfer agent, for some unknown reason, rejected the stock certificate. So I filled out a form to have the same securities transferred from another brokerage account via DTCC. The shares at the other brokerage firm had already been cleared for trading and the shares were now in electronic format. Guess what? They refused to have the shares transferred. Now I was totally perplexed. Again, more calls to the back office of TDAmeritrade and again no answer as to why they would not allow the transfer of shares in electronic format from one brokerage firm to my account at TDAmeritrade. Again I asked, “I am transferring shares that have been cleared by DTCC into a self managed account at your brokerage. Can you please explain where you see risk.” Again I was told the stock did not meet their risk tolerance.

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