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Beginning Investors Forum > What happens when a company dissolves?

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dwellsouth

Member since: Nov 08
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Transcription - Financial, Medical, Legal, etc.
Age: 40's
Lafayette, LA
dwellsouth Brokerage Account
Posted October 22, 2009 (02:04AM)
LJPC La Jolla Pharmaceutical is going to dissolve and liquidate soon. Fortunately, I only invested "spare change" in it, maybe $15.00. I could sell it now, but with the transaction fee, I'll lose money.

So my question is, when they do dissolve and presumably my shares are worth nothing, what happens to my account? Do they just disappear or am I going to have to pay some kind of transaction fee or anything like that? Can I just leave it alone and not expect to lose even more than I put in?
Thanks!
Tara
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StefanMcVeigh

Member since: Jun 07
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Electronic Customer Support at TradeKing
Age: 20's
Charlotte, NC
StefanMcVeigh TradeKing Staff Member
Posted October 22, 2009 (09:12AM)
dwellsouth,

Please contact us through live chat or over the phone at 877-495-5464. We would need to review your account and also look into this particular symbol for you. After reviewing the information we would be able to confirm the different options that you have. Our hours are 8:00 am et - 6:00 pm et Monday - Friday.

Best regards,

Stefan McVeigh
TradeKing Customer Service