I want my border back!

Aug 09, 2008 05:20

In order to open an account at a Canadian bank to buy stock in a Canadian company, I need to submit proof of ID for use by the US government.

WTH?!

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Comments 4

lynedd August 9 2008, 11:35:18 UTC
What... The hell?

Wrong. Simply wrong. *steams*

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whatawookie August 9 2008, 15:12:52 UTC
Could the bank be multinational even though it is branded Canadian, or perhaps the stock company?? I'm just thinking out loud. I'm not even sure what "Proof of ID" would be. Or what the US government would use it for.

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bitterwind August 9 2008, 19:41:12 UTC
Digging through a little research, I think they have partnered with a US bank to create the brokerage - thus the service is run internationally and thus the dependency on US regulations.

(this whole thing has been an experiment that going very badly - I seem to be setting off red tape at every turn and technically am not even going to be the legal owner of what I'm buying ... it's an uncomfortable world on many levels)

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whatawookie August 9 2008, 20:06:46 UTC
If it's the company you're interested, can you back out of this deal and buy stock in that company through another venue?

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