Tos

[Mockingbird]

cause if you live here in canada you won't be able to open an account with an american broker. Vice versa also applies. They have all these reciprocal agreements ...

from time to time i run into somebody whose case has fallen between the cracks & they have accounts in both countries. But the financial houses involved are always small & obscure, & frankly they should know better.

a big outfit like the td, owner of both td ameritrade & td waterhouse canada, will never let you get away with it

The US brokers cannot open accounts for Canadians unless they are registered ($$$$) with our regulators. And we know each province has its own regulatory body.

The typical account opening disclaimer will be something like this...
"We cannot open accounts for the residents of Cuba, Iran, Iraq, North Korea, Somalia,... and Canada."

MB

[Eclectic12]

[ ... ]

That RSA embarrassment was human error, there is nothing inherently wrong with the system's design. Organisations can generate and manage their own seed records and program their own tokens. So the lesson is never trust 3rd parties with your customer's sensitive data.

While that is good to know, the NY Times blog says that RSA is just a vulnerable to malware or a regular password. It is a 2009 article so hopefully a fix has been developed by RSA, in addition to finding a way for Anti-Malware software to protect against it.


Cheers

[Causalien]

TOS switched to something else after the leak. But the scheme is to protect against keyloggers mainly. Hey, if they broke the RSA encryption, I worry even less, because I know it's not me who will be liable to reimburse my loss.

You know how US politicians protect themselves against Chinese data theft when they visit China? That's what I have to do now with all my Canadian online broker.

Then again, I am just paranoid. But big brother DO eavesdrop on your phone conversations. A concept that was still incredulous 10 years ago.

[Causalien]

The US brokers cannot open accounts for Canadians unless they are registered ($$$$) with our regulators. And we know each province has its own regulatory body.

The typical account opening disclaimer will be something like this...
"We cannot open accounts for the residents of Cuba, Iran, Iraq, North Korea, Somalia,... and Canada."

MB

Thanks Mockingbird,

That was the hint I needed to how to open a US account.