Can i SUE a Brokerage for refusing me because of my citizenship?

[NYSEscalpa]

Quote from condorll:

>>Here in America a company can refuse to do business with whom they like. It is not your right to open an account.<<

A suggestion...lay off the intimidation tactics....doesn't work here in America, as history clearly shows.

lol, exactly. look what happened to certain arab nations when they tried to F@*CK with america........we don't take any shit, and we don't have to.

and I agree with everyone else, a company can do business with whomever they choose and threatening them with legal action will just piss them off and they will not open an account for you. Move on, there are many firms out there......
talk to don bright, I'm sure he can find a "special" way to open an account for you.....

 

[pspr]

Nana, it's too bad more people in your country don't feel the way you do. A free and stable Iran and Iraq would go a long way to solving many of the world's problems.

Quote from Nana Trader:

No, you don't need to sue Iran, because the country is
already fucked up due to boycott from many US allies.
Don't get me wrong Still i love US and Americans, and it's
in my future plan to move in near future.

It's all Iran's government who is to blame and not US.

The only thing that surprise me here is why this brokerage
has different internal policy with regard to Iranains than
other US brokerages? I think because they are huge and
don't want to make any risk for having my business.

 

[maxpi]

Quote from Nana Trader:

No, you don't need to sue Iran, because the country is
already fucked up due to boycott from many US allies.
Don't get me wrong Still i love US and Americans, and it's
in my future plan to move in near future.

It's all Iran's government who is to blame and not US.

The only thing that surprise me here is why this brokerage
has different internal policy with regard to Iranains than
other US brokerages? I think because they are huge and
don't want to make any risk for having my business.

I am almost always trying for humor, no real offense intended.

I would say that probably the brokerage decided there is some risk involved with dealing with a customer from Iran and they don't want to do it. Everybody's money is good at a brokerage, could not be a prejudice issue.

Look at areas where people are hugely prejudiced, (Iran, African states included, some states in the USA), their economy is always screwed up. Makes sense too, if you limit the people that you will do business with you do that much less business.

Max

 

[momoNY]

Nana,

I tjhink the brokerages are afraid that if, god forbid, you get a
margin call and you move to Iran, legally they can do nothing about it, since, margins, hedgings, trading (more precisely speculation) is illegal in Iran.

Momo.

 

[Nana Trader]

Quote from NYSEscalpa:

lol, exactly. look what happened to certain arab nations when they tried to F@*CK with america........we don't take any shit, and we don't have to.

and I agree with everyone else, a company can do business with whomever they choose and threatening them with legal action will just piss them off and they will not open an account for you. Move on, there are many firms out there......
talk to don bright, I'm sure he can find a "special" way to open an account for you.....

I have talked to Don Bright when he was going to
visit Dubai.
First Don is not into future trading business and he
is not intersted in self- benifited indivitual accounts.


For equity trading, I trade Sub-LLC account or
can trade under other group anytime and avoid
this and PDT rules. They don't care who i am. But
i just needed to have my account fully under my
name.

 

[Nana Trader]

Quote from pspr:

Nana, it's too bad more people in your country don't feel the way you do. A free and stable Iran and Iraq would go a long way to solving many of the world's problems.

No, wrong concept. 80% of Iranian are not Anti-american,
in fact most of them fellow and copy american styles and
standard. IT IS THE GOVERNMENT

 

[limitdown]

Quote from Cutten:

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, ...

wow, in B School, they teach us to be more polite, curteous and still offensive, or as they say it: "true to your course/values"

the way I would have said it is:

1) Uh, try another brokerage firm.

2) Ask that they put their refusal or conditions in writing so that you can get it right the first time. Take that letter over to the NASD, SEC or other State Securities Division and have them review it. Case closed. Go to another brokerage firm.

3) Uh, accept the fact that while public policy is more polite, individual or corporate responses to nations (or individuals from those nations) which this country has a tortured / strained relationship with are not really welcome as preferred customers.

No kidding guys, there actually are a number of segments in a series of various classes that grade you on these PC (politically correct) statements.

 

[murray t turtle]

Quote from limitdown:

wow, in B School, they teach us to be more polite, curteous and still offensive, or as they say it: "true to your course/values"

the way I would have said it is:

1) Uh, try another brokerage firm.

2) Ask that they put their refusal or conditions in writing so that you can get it right the first time. Take that letter over to the NASD, SEC or other State Securities Division and have them review it. Case closed. Go to another brokerage firm.

3) Uh, accept the fact that while public policy is more polite, individual or corporate responses to nations (or individuals from those nations) which this country has a tortured / strained relationship with are not really welcome as preferred customers.

No kidding guys, there actually are a number of segments in a series of various classes that grade you on these PC (politically correct) statements.

+=====================

Politeness does pay, like several ''thank you''; even more so in South America.

Realize there are regional differences any where which are going to subject anyone to greater scrutiny or hassle;
noticed me being asked much more North American questions when i carried my authorized shotguns to Argentina for safari.

I am sure that Arab who invested heavy in Citibank/Citigroup went thru big hassles;
but probably not as much as if he had traveled thru Bogata Columbia, which used to be a narco-terror center.

Also exspect more scrutiny if you are traveling with a Persian queen like Esther.

 

[mike2203]

Probably it is not only a matter of "good" or "bad" nationality, e.g.

"*Regulatory issues prohibit CyberTrader from opening accounts to residents of the following countries:

Afghanistan, Australia, Angola, Burma (aka Myanmar), Canada, Cuba, France, Guam, India, Iran, Iraq, Libya, Netherlands, North Korea, South Korea, Sudan, Syria, and United Kingdom (aka England, Scotland, Northern Ireland, Wales). "

Therefore advise something like "Nederlander worden" is not relevant for 100% cases. The important is the residence. It looks like you can join Cybertrade if you have Dutch passport but live in Germany or in Belgium but not in France or UK or Iran...

 

[BlueHorseshoe]

Quote from mike2203:

Probably it is not only a matter of "good" or "bad" nationality, e.g.

"*Regulatory issues prohibit CyberTrader from opening accounts to residents of the following countries:

Afghanistan, Australia, Angola, Burma (aka Myanmar), Canada, Cuba, France, Guam, India, Iran, Iraq, Libya, Netherlands, North Korea, South Korea, Sudan, Syria, and United Kingdom (aka England, Scotland, Northern Ireland, Wales). "

Therefore advise something like "Nederlander worden" is not relevant for 100% cases. The important is the residence. It looks like you can join Cybertrade if you have Dutch passport but live in Germany or in Belgium but not in France or UK or Iran...

Funny ... Guam is a US Territory, like Puerto Rico. They even cast votes in the US election.