My 14-year-old (12 at the time) was interested in investing. On my Father-in-law's advice we got a Stockpile account and bought a share or two of Microsoft stock. We largely forgot about it and apparently the emails were going into a spam folder of my Email account. I just saw an email saying that I have insufficient funds to pay my membership. It looks like they went membership awhile back and just started billing that against my son's stock. It was a free app when we signed up and we never agreed to any terms of agreement until today to get into the app. But it looks like we now have a whopping $1.20 in the account. Is this legal? I know this has happened to others, but I haven't been able to get a clear answer on it... Super frustrating and that was a lot of money to my son.
[link] [comments] https://www.reddit.com/r/stocks/comments/1345obz/all_of_my_kids_stockpile_stock_was_liquidated_to/
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