you know when employer's ask you to list what brokerages u use?

[abc]

i know they're gonna later on ask you to close them out so that they can direct you to use the brokerage account
that THEY have allied with....


but how serious is this.. what if you opened up a account with some xyz brokerage afterwards?

or didn't list a brokerage that you've always had an account with...


do they double check on you and/or recheck on you???

 

[Hammer]

They do that so they can check to see if you have any potential conflicts on interests. You can keep your money wherever you want. Of course they might make get another account at a specfic brokerage for other stuff like your stock options or ESBP.

 

[Mister T]

depends who your employer is.....

If its McDonalds, don't worry.... if its an NASD broker/bank/Consulting/Research firm / etc., there are serious reasons why they need to know - compliance, disclosure and conflicts of interest

 

[abc]

heh heh, i know what you mean... no... certainly not mcd's... my question is with regards to a commerical bank... so should i seriously lay it all out on the table???