To remove a worthless security position, account holders can use the Dollar for Lot process. MEXEM will take over the position for a nominal payment of USD 1.00. In TWS, eligible positions can be closed by right-clicking and selecting "Close" or creating a Sell order. Sign the Dollar for Lot Acknowledgement and transmit the order. Execution occurs from 4am-8pm EST, Monday-Friday. For positions without "(DOLLR4LOT)", a Special Position Liquidation Agreement is required. The form can be found on our website and should be submitted through the Upload Documents tool. Attachment size should not exceed 25MB.
Read More