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Gold/Mining/Energy : Canadian Investment Resource Guide
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To: Solid Play who wrote (417)1/3/1999 12:54:00 PM
From: Brooks Jackson   of 591
 
Some questions about U.S. residents opening Canadian accounts, for any who may know the answers.

Are there any legal restrictions, in the U.S. or Canada, on U.S. citizens using Canadian accounts to take advantage of more liberal Canadian rules on short sales? (For example, of volatile internet stocks and stocks selling for less than $5/shr, generally "unmarginable" and therefore un-shortable in the U.S.)

What are the risks of a Canadian brokerage going belly-up and wiping out clients accounts? Are clients protected by insurance against this kind of loss in Candada as they are in the U.S.? Would such protections extend to U.S. citizens?

Which Canadian brokerages accept U.S. accounts, and what are their minimums?
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