On January 7th it looks like all trading stopped and my broker TradeKing says that this is now a worthless asset. What exactly happened here?

It looks like JP Morgan can convert your holding to unsponsored ADRs until July. In any event, you should not completely lose the equity. Volvo still exists as a public company, it's just not tradable on US exchanges.

Trading halt - Wikipedia

Yes, you'd need a JPM account. Your broker should have offered a similar service. If they didn't they are not a broker.

When Trading Stops – The Policy

You own 30 shares in Volvo. You need to get your broker to either sell them off-exchange now or tell you how to gain access to them.

You have not lost value. It is just that the shares you owned, are now not tradable on US stock exchanges. You still have the value of your shares protected.

stocks - What happens when a company stops trading? (pink sheets) - Personal Finance & Money Stack Exchange

In cases like de-listing of a stock, typically a trust may be managed by a bank is setup to help customers liquidate their stocks.

You should try to search the relevant SEC filings for de-listing of this stock to get more details on whom to contact.

I own shares of a company that just received a delisting notice from Nasdaq. Does this mean I will lose my shares?

By posting your answer, you agree to the privacy policy and terms of service. Sign up or log in to customize your list. Stack Exchange Inbox Reputation and Badges. Questions Tags Users Badges Unanswered. Join them; it only takes a minute: Here's how it works: Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top. Stock stopped trading, what does this mean?

Do I need a JPMorgan brokerage account to get out of this? The fact that your broker is instead telling you your shares are worthless would make me reconsider my relationship with them. John Locke 5. Sign up or log in StackExchange.

Sign up using Facebook. Sign up using Email and Password.

Post as a guest Name. MathOverflow Mathematics Cross Validated stats Theoretical Computer Science Physics Chemistry Biology Computer Science Philosophy more 3.

Meta Stack Exchange Stack Apps Area 51 Stack Overflow Talent.