Dave,
> I am a US Citizen and Landed Immigrant of Canada. Do I have any legal or other restrictions for buying, selling, trading stocks, bonds, mutual funds, or having a broker on both sides of the border doing the same for me. I am getting mixed information from brokers on both sides and NEED an experts advice.
> xx
> ________________________________________________________
david ingram replies:
The restriction is NOT on you by government.
The restriction is on the people you are dealing with. They are restricted by the Securities Coimmissions and their licencing as to whom 'they' can sell to.
In other words, if you live in BC, an Ontario Securities broker or Mutual Fund salesman can NOT deal with you.
Some like Fred Snyder are licenced in BC and Ontario and can deal with you but even two provinces is rare.
When you are talking about BC - Arizona, or Ontario - Florida, you have a real problem.
The following older answers will likely help - Dan Walkow and Darrell Thompson HAVE gone to the effort to be able to deal with cross-border situations.
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> QUESTION: 1. have been trying to find ethical investment firm to go with in Canada and can not seem to get any unbiased answers We live in Red Lake Ontario (landed immigrants), but are also US citizens
>
> 2. Is this Stansberry & Associates legit, as they seem to have many different opportunities claiming great returns
> Pinchot Retirement Plan, Master Limited Partnership, Market Index Target Term Security , Oakmark Select Funds
> Thanks greatly looking forward to your email
>
>
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> david ingram replies:
> I have no good or bad knowledge about Stansbery and Associates. None of my clients deal with them to my knowledge.
>
> From looking at their website, they seem to be a newsletter operation as mucyh as anything. I have about 15 interviews with newsletter writers on gold (John Embry), oil, uranium (Martin Kafusa), silver (Sean Rahkimov) real estate (Ozzie Jurock), futures and commodities (Victor Adai), Resources in General (Elsworth Dickson, Publisher of Resource World) etc at www.howestreet.com - mostly in the third column.
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> Two ethical people who specialize in selling securities, RRSPs, etc., to US citizens in Canada or Canadians in the US are:
Dan Walkow
Seabank Financial
White Rock
Local (604) 541-9952
L D (866) 541-9952
www.seabankcapital.com
AND
Mr Darrell Thompson
Blackmont Securities
Toronto
Local (416) 874-8007
LD (866) 775-7704
www.blackmont.com
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These two individuals and their companies have gone to the effort to get themselves registered just about everywhere so they can deal with a Candian in Florida or California or Nevada, etc.
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Note that because of their specialty, they tend to deal with accounts in excess of $200,000
However, both parties would welcome an exploratory call.
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CEN-TA Cross Border Services - Tax, Visas, Immigration
http://www.centa.com/article.php/20070601000918936