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Holding UK Stocks?

Holding UK Stocks?

Old Dec 19th 2007, 1:03 pm
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Default Holding UK Stocks?

The recent SEC regulations are making it increasingly difficult (actually near impossible) for UK institutions (banks etc) to hold UK Stocks for ex pats living in the USA.

I've been told that the only option is to have the UK Stocks held by a USA based broker - is this true?

Does anyone have any suggestions how to resolve this problem (i.e. a UK institution that will hold the stocks) or know of any USA brokers prepared to hold UK stocks for clients (without silly fees!).

Thanks
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Old Dec 19th 2007, 2:35 pm
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Default Re: Holding UK Stocks?

Originally Posted by savayman View Post
The recent SEC regulations are making it increasingly difficult (actually near impossible) for UK institutions (banks etc) to hold UK Stocks for ex pats living in the USA.

I've been told that the only option is to have the UK Stocks held by a USA based broker - is this true?

Does anyone have any suggestions how to resolve this problem (i.e. a UK institution that will hold the stocks) or know of any USA brokers prepared to hold UK stocks for clients (without silly fees!).

Thanks
offshore broker?
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Old Dec 19th 2007, 2:37 pm
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Default Re: Holding UK Stocks?

Originally Posted by savayman View Post
The recent SEC regulations are making it increasingly difficult (actually near impossible) for UK institutions (banks etc) to hold UK Stocks for ex pats living in the USA.

I've been told that the only option is to have the UK Stocks held by a USA based broker - is this true?

Does anyone have any suggestions how to resolve this problem (i.e. a UK institution that will hold the stocks) or know of any USA brokers prepared to hold UK stocks for clients (without silly fees!).

Thanks
Look into Credit Suisse. They handle off shore holdings for US based clients.

http://www.credit-suisse.com/us/en/
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Old Dec 20th 2007, 6:03 pm
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Default Re: Holding UK Stocks?

natWest dumped my UK holdings some time ago, citing Inland Revenue crap. Currently my share certs are stuck in a bank safety deposit box!

That said, I just got an email from E-Trade about their global trading account!

Haven't checked into yet!
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Old Dec 20th 2007, 6:04 pm
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Default Re: Holding UK Stocks?

Originally Posted by Voltore View Post
natWest dumped my UK holdings some time ago, citing Inland Revenue crap. Currently my share certs are stuck in a bank safety deposit box!

That said, I just got an email from E-Trade about their global trading account!

Haven't checked into yet!
Hey! It looks like you're in my hometown! What parts of NoVA?
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Old Dec 20th 2007, 9:23 pm
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Default Re: Holding UK Stocks?

Originally Posted by ugacrew View Post
Hey! It looks like you're in my hometown! What parts of NoVA?
Highly appropriate name for a Brit - Burke!
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Old Dec 20th 2007, 9:28 pm
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Default Re: Holding UK Stocks?

Originally Posted by Voltore View Post
Highly appropriate name for a Brit - Burke!
Sweet! I lived in Alexandria off and on for 10 years. I love that area and hope to make it back in summer of '08.
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Old Dec 21st 2007, 3:16 am
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Default Re: Holding UK Stocks?

Originally Posted by Voltore View Post
Highly appropriate name for a Brit - Burke!
I prefer Brooke Burke
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