Re: Possible Funding loophole: Online stockbrokers.
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Most online stockbrokers allow you to setup your account as a checking account that you can write checkes against and both accept and receive electronic transfers.
Clearly, it wouldn't be a problem to fund these accounts as a US citizen, buying stocks isn't illegal.
Such a brokerage outside the US would likely remain blissfully uncaring, if not outright unaware, that any US customer of theirs would be barred from funding ewallets/casinos directly and honor any such transactions without hesitation.
The only question is: Are there any such online brokerages outside the US?
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If you can do all of these things with a brokerage account, then really what you have is not a brokerage account but a brokerage account and a bank account under the same umbrella. Thus, this workaround really is no different than opening a foreign bank account, period. And I imagine that securities laws are such that it is even more difficult to open a foreign bank account tied to a foreign brokerage than just a plain vanilla foreign bank account.
It would be the nuts though if I could transfer directly from Neteller to eTrade.
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