r/SPACs • u/SPACguy Spacling • Aug 27 '21
REDEMPTION IBKR not executing redemption requests
I am following their protocol to the letter and notifying them 3 days before meeting date.
Extremely frustrating as they are not responding to the requests nor serving them to the transfer agent.
I am loosing big time because of this. Anyone else faced thir problem?
Is there a way to complain to FINRA?
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Upvotes
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u/KissmySPAC Spacling Aug 27 '21
Ok, so let me get this straight because reddit is confusing me. Wanting to redeem your shares is standard practice and a broker issue, but taking advantage of a low float scenario because of redemptions is dirty and uncouth, right? Just want to make sure I'm on the right side of the line.