Dear Canadians, bad news: your money is no longer welcome with U.S. brokerages. Why? Because you are, well, Canadian.
H/T:Zero Hedge More comments about it below.
https://www.reddit.com/r/investing/comments/35982z/scottrade_to_close_my_account_due_to_living/
BUNKERVILLE | God, Guns and Guts Comrades! 
April 25, 2016 at 6:15 pm
Shirley y’all have read all I’ve read, about this election or anything else for that matter.
I’ll fess up and say yeah I done voted for Trump in Florida a few weeks ago.
An author I’ve read with favor since ’11 directed me to a article explaining the advantages of uncommitted delegates. That if bad information comes up prior to the convention, then they can be representatives and not have to follow the voted will of the people that could’ve been distorted. OK.
In spite of reading him favorably for years, we seem to be at odds now. But he says this and I agree…”Why do I refuse to bash friends over this election? Because politicians and politics are transient. Friendship shouldn’t be so flimsy.”
We got to come together.
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April 25, 2016 at 2:53 pm
I’d have thought we could use all the investment we could use and Canadians, too…….You can’t BELIEVE the vetting some of my friends’ investments get; my husband was working on HUGE projects and the US makes it as difficult as possible…..they have to jump through hoops, tons of paperwork, proof there’s no terrorism funding, etc etc….and the deal usually falls apart, though totally good people, totally legal money, etc. it’s tough.
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April 25, 2016 at 3:01 pm
http://www.marketoracle.co.uk/Article45606.html
Check out comments over at Zero Hedge. You dont have to register to see comments. Just click.
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April 25, 2016 at 3:38 pm
Didn’t see anywhere to click for COMMENTS but the article’s bad enough. As I suggested in my REALLY naive-about-finances way above, this is TERRIBLE for our economy…..of course foreigners are afraid to invest here…or take our money there…what can be done? I guess nothing; And, by the time it’s REALLY bad, Obama’ll be gone and, if (which is not going to happen) a Republican’s in charge, he’ll get ALL the blame for what happens next. ALL.
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April 25, 2016 at 4:02 pm
Bearing down on totally destroying our lives as Americans.
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April 25, 2016 at 6:53 pm
exactly right. And denying it GRRRR
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April 25, 2016 at 11:29 am
Can the illegals in Canuck land send their canadian dollars back home?
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April 25, 2016 at 11:31 am
I know the legals have a real penalty for buying american. I bought some property from a Canadian who owned property here. The taxes were enormous and the paperwork tough.
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April 25, 2016 at 10:49 am
Yikes …
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April 25, 2016 at 11:04 am
Could find little on this, but the import is enormous.
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April 25, 2016 at 12:08 pm
Like what, Bunkerville? Teach me, I’m very interested….
why would this happen? and even to legals living here? WHAT?? WHY?
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April 25, 2016 at 1:59 pm
It’s scary reading about something I don’t understand either. I think I’ll go to the bank, collect all my digits, and bring them digits home to store in my mattress. 🙂
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April 25, 2016 at 2:34 pm
I’ve had the SAME THOUGHT…..this is all worrisome 😦
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April 25, 2016 at 2:45 pm
I have been looking for more info. Apparently if a U.S. citizen lives outside the U.S. tough to do investing.But this is talking about Canadians doing trading with U.S. companies. No doubt some way the IRS tracks everyone. Maybe Canadians as well.
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April 25, 2016 at 5:32 pm
Geeez, Note I said store my DIGITS in my mattress. There’s not enough physical printed money U.S. dollars in the world to cash in if everybody demanded them for what’s on the books. So I guess mine will stay put ’til the government like in Cyprus decides to take what it wants.
And no that doesn’t make us feel better.
Reading the links and comments, it is part of the cashless movement, knowing who you are, where you’re to be found, and what you got, when government wants it.
I’d still have to report my digits in my mattress or explain what happened to them. 🙂
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April 25, 2016 at 2:55 pm
http://www.marketoracle.co.uk/Article45606.html interesting
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April 25, 2016 at 9:46 am
[…] Source: Canadians told by Scott Trade to keep their money […]
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April 25, 2016 at 11:04 am
THanks.
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