Seeking Official Stance on Reverse Stock Roundup S

Seeking Official Stance on Reverse Stock Roundup Strategy

https://www.reddit.com/r/fidelityinvestments/...k_roundup/

Couple of interesting things. This was posted on the r/fidelityinvestments channel..

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r/fidelityinvestments: As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your ...

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The op was concerned about getting a lifetime BAN from the broker.

Fidelity was quick to respond...

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Thanks for reaching out to Fidelity Investments.
We do not support this type of activity related to reverse splits.

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Someone else said...

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DO NOT DO THIS STRATEGY, i am TELLING you people trust me!!! i’ve had almost every account closed and liquidating these stocks was borderline impossible and recovering my money. i’ve created bad relations with banks now. I can’t even open a checking account with some of these organizations. save yourself the headache

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But yet there were 260,000 accounts that needed a 'round up' when there are approximately 40,000 beneficial owners of the Company’s stock.

Because Fidelity won't let people buy online, is it because they are too busy banning peeps now? 260,000 accounts would be a lot of banning, eh?

But, but, but...

Why would they ban people?

Is buying one share for the sole purpose of up to x200 gains highly illegal?

Aw shucks...

Maybe too many Backyard Gardners trying to make free money instead of the old fashion way.