FATCA impact, U.S. brokerages

Discussion in 'Cancun Forum' started by V, Aug 5, 2015.

  1. V

    V I can choose my own title Registered Member

    Apr 2, 2009
    Likes Received:
    Cancun, Centro
    +6 / 0
    Some U.S. brokerages are notifying U.S. citizens residing abroad of important restrictions that may be imposed on their ability to invest further in certain U.S. securities, and to manage the money now within their accounts, including retirement accounts. Fidelity, for example, has send notices to their customers with changes effective, and restrictions imposed, as of October 9, 2015.

    Use of the internet to access brokerage accounts gives a tool that brokerages can use, among others, to reach a conclusion that a customer is residing abroad, and may be subject to these contractual restrictions.

    Being an expat gets just a little more complicated with the passage of time, and changes in the laws in the U.S.
  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Dismiss Notice