Dear TeleTrade clients,
General Electric (NYSE: GE) has announced a 1-for-8 reverse stock split. Therefore, following the split, every eight shares will be converted to one with a corresponding increase of price per share by eight times.
The shares will resume trading on a split-adjusted basis at the start of the trading session on Monday, August 2nd, 2021.
To this end, on July 30, 2021, at the end of the trading session, all open positions on GE share CFDs will be switched to "Close Only" mode.
Please close all open positions on that instrument and delete pending orders before the end of the trading session on said date.
All remaining positions on GE will be closed automatically and pending orders will be deleted.
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Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
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