Recent content by Helez

Yup, every transaction would cost $50...no idea why they need to gouge their own employees.

saluki9, Thanks for the heads up on setting up a fund. And you're right, my employer does not allow third party transactions with another firm...all trading needs to be in-house.

Reporting back in. I received the info from compliance and it is LONG. Here's their broad-based excuse: As an employee of a broker/dealer, you are subject to heightened regulatory requirements related to your personal investing activities and Wealth Management is under stricter guidelines...

Fuego, Thanks for the heads up on the Vanguard example...one of my coworkers suggested that this is probably true. I'm now in the process of trying to get comprehensive info from my compliance department on restrictions/guidelines.

Since a few responses on these boards seem somewhat knowledgeable of my general situation, I've decided to make a thorough inquiry to our compliance department. I do remember calling compliance last year and asking them if I could open an account with Schwab, and they completely shot me down...

Fuego, you've pretty much hit it on the head. I'm a registered representative, so I hold licenses which means I'm heavily regulated by FINRA, NYSE, and SEC. I work for a broker/dealer, so all brokerage accounts were required to be transferred to them. I've been denied permission to start new...

Does anybody else think that $50 per transaction is a bit much? This always serves to deter me from actually opening an account. I know that there are many brokers out there with substantially smaller fees, but this is unfortunately my only option, due to the fact that I am only allowed to go...

Because of those licenses with FINRA (formerly NASD), I'm heavily monitored by the NYSE & SEC. I was also forced to move any and all brokerage accounts to my employer. All transactions have to be done through my employer's services, which I get no discounts on :mad: I'm not allowed to...

Been lurking this forum for the past couple weeks and finally decided to join the ranks ;D Well, here's my abbreviated story... The Ideal: Get a job right after college, pay off debt, start saving. The Reality: Watch the tech bubble burst and all the jobs dry up, temp until you're 26, then...