Online brokerage Dough will be closing down. They have sent out an e-mail to existing account holders stating that from October 11 you’ll only be able to close out existing positions and that on October 29 the brokerage will be closed.
We started dough to help empower a generation of investors to believe that taking hold of your financial future is attainable to anyone. We’re grateful that you’ve come along for the ride, and let dough play a role in your financial journey.
We wanted to advise you that dough will be ceasing operations as a broker-dealer, and all open accounts on Monday, October 11, will be set to closing-only going forward, which means you’ll only be able to close positions. We wanted to give you sufficient notice and inform you of your options before dough’s last day of business on Friday, October 29, so that you can plan your next steps for you to close your Dough account by either withdrawing any funds in the account and/or a transfer (“ACAT”) of any existing securities positions that remain in your account.
A lot of readers will have these accounts from the $75 sign up bonus. Might want to consider doing another brokerage bonus when transferring funds out.
