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If rep rejected what happens to accounts
Posted: Sun, 28 May 2023 3:00 pm
by Curious_candy69
Hi can anyone tell me who has gone through this if for whatever reason you rep gets rejected coz you couldn’t find a job in time while you were overseas , does your brokerage accounts as well as bank account with outstanding loans also get closed ?
Re: If rep rejected what happens to accounts
Posted: Sun, 28 May 2023 3:47 pm
by singaporeflyer
Curious_candy69 wrote: ↑Sun, 28 May 2023 3:00 pm
Hi can anyone tell me who has gone through this if for whatever reason you rep gets rejected coz you couldn’t find a job in time while you were overseas , does your brokerage accounts as well as bank account with outstanding loans also get closed ?
Brokerage accounts and outstanding loans are not tied to your REP. You can hold the brokerage accounts mostly unless the broker enforces that you must be a resident. Loans you surely need to pay them back as per schedule committed.