Cost basis when moving from Robinhood to Fidelity
Feb 18, 2021
11 Comments
I transferred stocks from Robinhood to Fidelity. The cost basis shows as 0.
For anyone else who has done similar, does cost basis information come at a later date than the completion of transfer or do I have to enter the cost basis manually?
TC: 200
comments
(Not that my portfolio is there yet, but trust in Robinhood was reduced after the gme fiasco)
They said they are constantly reaching out to Robinhood to resolve this and lots of customers are facing this after GME-related Robinhood mass exodus. They said when it is resolved the cost basis will automatically show up.
Curious if yours has since updated?
P.S. they also said Robinhood will almost certainly face major SEC fines over this.
This is the kind of thing DTCC and other organizations make sure regardless of broker