Another outfit is called Hatch that is already offering trading in US equities.
Some years ago I went to a local NZ Shareholder Assn here in Christchurch. They had a representative talk about their Sharsies business. I asked specifically about FIF and what happens and who is responsible about reporting etc. The presenter did not really answer my question so I assumed they did not know. Something tells me is it's entirely up to the client to report to IRD under FIF once they go over that $50K NZD threshold. Sharesies and Hatch only do the minimum requirement such as W8BEN reporting requirements etc.
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