Sep 13 2009, 07:26 PM
QUOTE(peachy88 @ Sep 13 2009, 06:45 PM)
Dear lyn members,
Im new in investment (shares)...in which i open a cds account with a local bank...
Receive a letter from tat bank asking me to convert/ close the securitied nominees trading acc (coz my trading acc is dormant)
Any1 know wat's da impact between the (1) securities nominee acc & (2)securities direct acc...
TQVM....
Securities nominee account is owned by broker while securities direct account is owned by you.Im new in investment (shares)...in which i open a cds account with a local bank...
Receive a letter from tat bank asking me to convert/ close the securitied nominees trading acc (coz my trading acc is dormant)
Any1 know wat's da impact between the (1) securities nominee acc & (2)securities direct acc...
TQVM....
For nominee account, of course you will get more services but with a fee.
Nominee account cannot be used to apply IPO.
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