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Author: TMFGalagan Big gold star, 5000 posts CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35367  
Subject: Re: Selling Munis Date: 11/25/2009 8:03 AM
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What is the best way to go about selling municipal bonds without getting killed on the transaction?

On the main question, I'll defer to the many folks here who use a variety of online brokers to buy and sell bonds regularly. Reading some of their past posts can give you a good sense of how they buy and sell bonds on sites like E-Trade, Zions, and TD Ameritrade. You could always arrange to have your bonds transferred to one of those brokers (with an inevitable fee for the transfers) and sell them from there.

But another option would be simply to go to your broker with the information you've gathered and ask for an explanation. I think you're entitled to one, and you have the data to back up your questions.

You'll probably get a bogus explanation of how illiquid the bond markets are, how prices fluctuate quickly, and all that. But there's a chance that your broker will treat you respectfully, admit that there was a problem and look into it. That might get you better treatment with the rest of your bonds.

And if you don't get a satisfactory answer, then treat it like a customer service issue and buck it up the line at the brokerage firm. Again, you might not get good treatment, especially if you weren't planning on keeping an account there anyway. But there's always the chance someone will do the right thing.

best of luck,
dan
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