I am attempting to switch brokerage firms from capital one sharebuilder to TD Ameritrade. After filling out the app online, I was prompted that I needed a 407 Compliance letter in order to open the account. Supposedly I need this because I listed my employer as Morgan Stanley. I am a part-time intern with MS in the PWM department, am unlicensed, and am not involved in any trading. I am also employed part time at a local gym (sales). My questions are as follows.
1.) What would happen if I submitted a new application, but with my other employer (the gym) listed, instead of Morgan Stanley.
2.) Why do I need this form if I am not actively or passively involved in any investment accounts through MS?
Any replies would be appreciated.
Submitted September 03, 2017 at 07:06PM by Sonyayy http://ift.tt/2x3CHhW
