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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Friend who wrote (4693)	2/18/1998 11:22:00 PM
From: Stocker	Read Replies (1) \| Respond to of 24921

To All - Rules for US Residents Kerm, I always thought you were here in Canada??? Is that not the case? Anyway, the rules for US residents are the same regardless of the broker you use. The problem is that the SEC in the US prohibits Canadian firms from "soliciting" business from US residents (not US citizens mind you). The US law has been in effect for some time and has caused a lot problems for Canadians who live in the US, even temporarily. The rules prohibit a US resident from opening new accounts in Canada but if you already have an account, you can continue to trade on it. Even with existing accounts though you are prevented from doing transactions other than "sells" unless you assign a power of attorney who lives in Canada authority over your account. All transactions are then conducted through the attorney. Unfortunately, most people who move south only find out about this after the fact. All this aside, there are many Canadian owned brokers/banks operating in the US that could help in getting access to Canadian markets. Those mentioned should be ok, most likely TD. Hope this helps.