If rep rejected what happens to accounts

[Curious_candy69]

Hi can anyone tell me who has gone through this if for whatever reason you rep gets rejected coz you couldn’t find a job in time while you were overseas , does your brokerage accounts as well as bank account with outstanding loans also get closed ?

[singaporeflyer]

Hi can anyone tell me who has gone through this if for whatever reason you rep gets rejected coz you couldn’t find a job in time while you were overseas , does your brokerage accounts as well as bank account with outstanding loans also get closed ?

Brokerage accounts and outstanding loans are not tied to your REP. You can hold the brokerage accounts mostly unless the broker enforces that you must be a resident. Loans you surely need to pay them back as per schedule committed.