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It should be pretty easy...determine who your next broker is going to be..say Ameritrade or ETrade or whomever...and as you set up your account complete the forms required and they will have all your assets tranferred to your new account. Sure they will require some additional forms and such...but they do this all the time and with accounts from LEH they may even have a special system in place. It really shouldn't be hard and is probably a good idea. BEWARE: Experinece has shown, due to the different systems at each Co, the history of your holdings, like the original cost, buy/sell dates, etc does not come over. Only the ctual stock/bond, etc position. Hence unless you have/make a record of this to inout into your new account system, the new account will not know this (and can't show your actual gain/loss - or provide it for you when you sell).
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∙ 15y ago
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What was Lehman Brothers relationship with American Express?
Shearson/American Express acquired Lehman Brothers in 1984; six years later Shearson Lehman Brothers split its operations into a Shearson retail division and a Lehman Brothers Investing banking/trading division.1990
When did shearson lehman hutton mortgage corporation become ge capital mortgage services?
Shearson Lehman was acquired by GE Capital Mortgage effective September 1, 1993.
Who purchased EF Hutton Stock Broker?
The Shearson Lehman Brothers purchased the former stock company E.F. Hutton in 1988 after the stock market crashed in 1987.
When did Shearson end?
Shearson ended in 1994.
When was Shearson created?
Shearson was created in 1902.
When was Edward Shearson born?
Edward Shearson was born in 1864.
When did Edward Shearson die?
Edward Shearson died in 1950.
Does company name E F Hutton still exist?
Not anymore. E. F. Hutton used to be one of the most highly respected brokerages in the world. They now belong to Citigroup.Another answerEF Hutton is an active financial company. The firm returned to the market in in 2012. The leadership team includes the grandson of the founder, Edward F. Hutton, and former executives from the time when the firm was last active in the market. In 1988 it was acquired by Shearson Lehman, a unit of American Express, and became Shearson Lehman Hutton. Eventually the firm became a part of Citigroup.
What happened to duPont Glore Forgan incorporated?
My father worked for DuPont Glore Forgan. It later became DuPont-Walston, Inc. I think E.F. Hutton purchased it around 1975. In about 1987, E. F. Hutton became Shearson Lehman Hutton, later just called Shearson. Around 1993, it was called Saloman Smith Barney, later Smith Barney, then Citigroup Smith Barney. As of June 2009, the name changed again to Morgan Stanley Smith Barney.
What happened to stocks held by ef hutton?
In 1988, E.F.Hutton and its holdings, including stocks, merged with Shearson Lehman/American Express. In 1993, American Express sold their brokerage services to Primerica, who merged them, in with Smith Barney. In April, 2012, however, the firm separated from Smith Barney and was revived by a grandson of the original E.F. Hutton.
What happens to my shearson lehman stocks now that they have declared bankruptcy?
I woud lassume the outcome or value o fthe stock woudl be exactly the same as the value of others that have gone this way like Enron, Worldcom just to name a few. The value is zero, but it is a write off on taxes (max 3k year if not offset by gains)
What is the Lehman crash?
bankruptcy of lehman brother
