Finally, I got the money I withdrew from my TD Ameritrade Roth IRA over to Interactive Brokers. It took a while because my bank account with HSBC was transferred to First Niagara and I had to update the details and confirm the account etc.
Now today I get a new e-mail from Ameritrade:
"We previously communicated to you that your Retirement Account with TD
Ameritrade would be impacted by a new business policy requiring the account to
be closed due to your country of residence. Upon further review, it has been
determined that your Retirement Account, ending in xxxx, will no longer be
impacted by this policy. Trading ability has been restored to your account,
and you are no longer required to transfer or liquidate the account.
We are sorry for any inconvenience this may have caused you, and are sure that
you have questions. Please feel free to contact us regarding any questions or
concerns at 800-669-3900 or simply reply to this message.
Sincerely, xxxx"
That is crazy! They seem very incompetent. I e-mailed them back to make sure my account is closed as I have already sold everything (and paid brokerage fees for that! Selling a mutual fund cost $50) and moved my money to another broker! At least I don't need to pay capital gains tax as the account lost money. There was just under $10k in the account and officially in Australia I am meant to pay tax on it so I wasn't that upset to have to close it. IB couldn't open a new Roth and so the money is now in a regular brokerage account.
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