SMCI split my stocks into oblivion
Summary:
- The main problem reported by the user is that their SMCI stocks have not been processed by Fidelity, leading to financial losses due to the brokerage’s failure to execute a stock split and provide adequate services.
- Fidelity explained that additional shares from a forward stock split are allocated to the account once received from the depository.
- Users can review information about stock splits through a provided link for further understanding.
Here’s the full thread
My SMCI stocks still has not been processed by Fidelity. Fidelity should be financially liable for the losses that occurred due to its failure to execute the stock split and failure to provide bare minimum brokerage services.
This is unacceptable for a brokerage firm that manages TRILLIONS of dollars of assets.
Thanks for reaching out to us this morning, @Taco.
When a forward stock split occurs, the additional shares are allocated to the account once we receive them from the depository. In the meantime, you can review stock splits by clicking the link below.
Stock Splits: What you need to know: https://www.fidelity.com/learning-center/trading-investing/stock-splits
Please let us know if anything else comes up or if you have other questions. 🟢