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Non-Tech : Shorting with Offshore Accounts -- Ignore unavailable to you. Want to Upgrade?

To: David Post who wrote (98)	3/10/1999 8:11:00 PM
From: mingus79	Read Replies (1) \| Respond to of 127

You are right that "most" Canadian brokers will not take on clients from the US, but some will. As far as I can tell, there are 7 or 8 Canadian online discount brokers and none will take US clients. Most, but not all, full service brokers apparently will not take on US clients either. I did find one that will, but I don't know much about them and how reputable they are. Also, they require $75k to open an account, which is more than I want to send offshore. A relatively large minimum to open an account is going to be a problem with a lot of (maybe all) Canadian brokers. There is a "Canadian Investor Protection Fund" which protects investors from broker insolvency up to $500k, provided your broker is a member. I've yet to research IBCs.