Do I get voting rights on fractional stocks? And what about dividends?
DriveWealth utilizes a third-party vendor Say Communications, LLC (Say Communications) to facilitate the extension of voting rights to fractional shares. When you vote your interest in a fractional share, Say Communications will add the fractional position voted by you to the aggregate vote total for all shares of such security reported by Say Communications on behalf of DriveWealth to the applicable vote tabulator for the meeting or shareholder event.
Related Articles
How do fractional shares work?
One of the unique things about the US stock markets is that investors can own fractions of stocks unlike markets of countries like India. For example, you could own 0.05 of Apple stock. Our brokerage partner DriveWealth allows you to own as low as ...
Who owns the stocks?
You own the stocks through your account with Stockal and DriveWealth.
How much can I invest in US stocks from India?
Currently, you can invest up to USD 250,000 every year in foreign stocks from India. This amount can change, subject to RBI guidelines. So your investments in US securities are also governed by the same limit. Foreign investments fall under clearly ...
How many securities are available on Stockal?
Stockal offers over 5,500 stocks and ETFs (Exchange Traded Funds) listed on NASDAQ and NYSE - as of now. Our platform includes almost all the marquee listed companies in the US with billion-dollar market caps.
What is a Good Faith Violation?
If a security purchased in the customer’s cash account is sold prior to being paid for with settled funds in the account, a good faith violation has occurred. The reason it is referred to as a good faith violation is that trade activity is giving the ...