Spouse's employer,a financial firm,restricts me to having brokerage accounts...

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Nick P

New member
...with only certain firms. Why so? My spouse has recently started to work as a trainee financial planner with a national financial planning firm. In addition to requiring a full disclosure of my individual stock holdings, they also require that I, the spouse, restrict my brokerage accounts to just three firms that they specify. These firms charge higher fees than my existing ones. While I can understand the need for disclosure, it just does not seem fair to me that they dictate who I give my brokerage business to. Is it even legal to require that?
 
It's illegal but they will get rid of him and get by with it. They have no business asking your finances in the first place but companies get away with anything legal or illegal.
 
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