RE: Broker Reply12 Jun 2026 01:54
I received a letter from Schwab today dated 6/4/26. It vaguely indicates than the conversion from Falcon to TBN would be paid in cash. In their early research they see a difference in wording between the information provided by the 2 companies . When I called them for clarification they confirmed that they had the transaction set up as cash payout. The issue is escalated internally for review and research. This is for both brokerage accounts as well as retirement accounts. ????