A little over a year ago didn't you have a "run-in" with the manager of a trading group here in the U.S.? From what I understand, the gentleman that you wound-up "alienating" is in my opinion, a total professional. While I can only imagine who the broker/clearing firm might be that has denied your application, I, like so many others on this board am rather puzzled as to why you would wish to be so persistent with a firm that does not want to have a relationship with you. I am not surprised that a respresentative of the firm made a mistake. People in customer service make misrepresentations about their firm all the time . . . In fact, a customer service representative at Wells Fargo this past Friday told me something that was in fact, WRONG. Do I like being told the wrong thing? Hell no! Does it happen all the time? Yes it does! Do yourself a favor and cut your losses. Move on.
I HOPE NOT. Sorry but the USA, with some minor exceptions, is not a socialist shithole. If someone does not wish to give you an account, then the correct assessment of the situation can be fairly summarised as follows: Tough Shit! No one is obliged to open an account for you. It is every broker's right to refuse an account from anyone they think may not, all things considered, be profitable. In fact they can refuse an account for an entirely arbitrary reason. I'm sure they don't give a damn whether you are Iranian, Eskimo, or from Timbuktu. What they care about is the department of Homeland Security investigating their ass for having a potential "terrorist" on the books. Now whilst that may be a stupid policy (arguably), why the hell should they pay the cost for their government's racial/nationalist profiling? Luckily, brokerage does not have the socialist commie pinko bollocks nonsense that afflicts private landlords and employers (where if you refuse a job or rental to a Wahabist machine-gun owning suicide-bomber wannabe, you can go to jail) - so US brokers still have the constitutional right to tell you to go leap off a tall cliff, regardless of your personal feelings, citizenship, ethnicity, or any other factor. You cannot morally *force* someone to do business with you. Personally I find this "can I sue?" attitude morally reprehensible. It might be understandable for some black person in the 50s who gets spat on, bullied, beaten, and hounded out of their place of work. But for someone opening a f*cking brokerage account? What a joke. This whole cry baby attitude is just disgusting IMHO. Open an account with the myriad of brokers who will take your business. Failing that, get exchange memberships and do it yourself. You have no more right to open an account than I have to force the ruler of Iran to let me open a brothel in his bedroom. But please stop whining and cease polluting this board with your complaints. I have read your posts for a while and you seem a perfectly reasonable and intelligent person. I just don't understand how it can be at all justifiable to try to take money from someone, just because they don't want to do business with you. I will assume this is because you haven't really thought it through, since you seem a decent bloke. Please extend the same courtesy to the brokerage firm and their employees.
I dont see NANA bashing anyone...just terminolog. I mean freedom of speech people.....what the F)*$, havent you ever read John stuwart Mills E_SAVANT? Personally, i think Arab culture is fucked up.....yes i said that. I also think PC crying liberals like E savant are fucked up...yes i said that to. I think all this sensitivity shit is crap......grow some balls, say whats on ur mind and be offensive...if you dont like what NANA or others say move on and read something else. The PC culture which has been adopted by both the privite and government org. is a a threat to all freedoms. So for all you 9 ot 5ers, all you mid level managment, higher managment and all you PC lovers....KISS MY ARSE........ FREESPEACH PEOPLE, if you dont like it, PISS OFF. I hope i didnt offend anyone
Post 9/11 has changed the entire account opening process. My brother in law has a Middle Eastern and Muslim name. If you read into the Patriot Act, firms must fulfill tons of requirements in the account opening process. If you sue, you may have to go to the Fed level. here a link http://www.nasdr.com/aml_statement.html
the Patriot Act and the HOMELAND DEFENSE BILL......have made many things harder including offshore LLCs. I think those to wonderful GOVERNMENTAL moves says it all for NANA....... That is why he ran into difficulties.
Actually, brokers are becoming more regulated as to whom and where from money is coming from. If you think brokers give you a hard time, try opening a bank account at some US banks. Ha! The reason is money laundering and counter-terrorism. Some countries make the "no good" here list. As a result, they're beginning to require more documentation and proof of where funds are coming from. As far as suing, believe me, most brokers would really like to have more accts. and more funds under mngmt. Its the govrnmnt rgulation that force these "rules". Now, maybe you want to sue the US government?