David and Dan Walkow continue their conversation about the perils of cross-jurisdiction investment, both from the point of view of the investor and that of the investment company and individual broker or agent.

Is your accountant "holding on to you" even though they may not really understand your problem. Is your broker or investment agent doing the same thing even though you are no longer in their legal jurisdiction? Business is tight this year and there is more incentive for the professional practicioner to try to keep your business despite it not being in your best interests.

Not having your investment "domicile" registered correctly can turn on you and cause you major tax consequences. The brokerage may simply not send you the correct documents - leading your tax preparer to miss needing to file multi-jurisdictional returns, and eventually leading to massive tax liabilities, interest and penalties.

Have you asked your financial broker/agent whether they are licensed to deal with you where you currently live? Have you considered why they might want to continue to work with you even though it may be illegal for them to do so? It's in THEIR interests, certainly not in yours.

Dan talks of broker investigations and consequences. Broker "Know Your Client (KYC)" forms and how things can come unglued when the real information finally gets onto the file.

You can contact Dan Walkow at:
Suite 301-1959 152nd Street
White Rock, BC V4A 9E3
Canada

www.seabankcapital.com

Phone: 604-541-9952
Toll Free: 1-866-541-9952
Fax: 604-542-5642

The views expressed in this interview do not necessarily reflect those of the production company presenting this video. This is a paid presentation of Seabank Capital Management Inc.