If a mandatory corporate action is declared on a stock I have a position in, what are TradeZero's procedures?

If you hold a position in a security that is scheduled for a corporate action which will result in a stock split (forward or reverse), merger, or name change, the position will be removed from the trading platform between 4 PM ET and 5 PM ET, the day before the corporate action is to occur.

After the corporate action, TradeZero will confirm with its clearing house the correct symbol and number of shares of the resulting security to be placed in your account.

This process may take a few days depending on the complexity of the corporate action and the delivery of shares.

Once the corrected shares and or symbol are confirmed by the clearing house, the updated position will be returned to the trading platform.

It is your responsibility to be aware of pending corporate actions and how such events will affect their outstanding portfolio.

TradeZero America charges $35 for processing corporate actions and $100 for reorganization activity.