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Old 09-06-2016, 07:41 PM
CenTexLyn CenTexLyn is offline
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There are plenty of people in prison who have various investment accounts...about once ever month of six weeks, I get a client that has a good-sized account and where they provide the statements for inclusion with materials to the Board.

Do not automatically presume that every brokerage is going to say they no longer want your business. If they do, then you take their FBO check and immediately roll it into an account elsewhere...no tax consequences should exist in that scenario. I base THAT claim on my own personal experience of changing where I had accounts parked...
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