Hi all, I have some really dumb questions about these bonds.
1. If a bond is called does the statement from the broker say the bond was called or does it say sale?
2. Is it possible that the brokers statement can reflect a loss but not really be a loss?
3. Can the cost basis show that it is more than the amount sold but not really be a loss?
The reason I'm asking these questions is apparently one of my older brothers called me quite alarmed when he looked at my parent's brokerage statement. This guy is an independent broker. When my brother asked my dad about the statement the above where the explanations. No he did not authorize the sale of 3 bonds. They were probably called and even though it looks like a loss it's not
My brother called me because I buy and sell stocks occasionally only never bonds. He's concerned this broker might be taking advantage of my 90 year old dad and is concerned it might continue. How is a loss not a loss?