Do foreign brokers hold US invested accounts in the US?

Discussion in 'Taxes and Accounting' started by maow, May 16, 2019.

  1. maow

    maow

    I had a business go under a few years ago and now any

    1) individual accounts
    2) held in the US
    3) with my name on it

    Are at high risk of being levied into a zero balance. Is this how foreign brokers are required to manage their accounts?
     
    Last edited: May 16, 2019
    Rocksinger likes this.
  2. Probably
     
  3. zdreg

    zdreg

    Please explain the question. why is the individual's money being seized as opposed to the business' money
     
    Last edited: May 17, 2019
  4. maow

    maow

    Some of the debts were taken personally. Others the corporate veil was pierced. So that means any brokerage account held in my name is a levy target
     
  5. I think you should be able to get your own money unless it's stated in broker terms and conditions that they can take some money from your dormant accounts into their own needs like you know for just having this account with you and not earning from you.