All the IRA investments I put into an account at Equity Trust went broke (NOT their fault, mine). When I tried to close the account, to stop their high fees, they requested proof that the investments were indeed gone. Fair enough, except they wouldn't accept anything I submitted. I tried to explain that when an investment goes south, there's nobody left around to verify anything. I did get statements from the principals, but that wasn't enough somehow. They kept charging me fees while this was going on, which I refused to pay. They threatened if I didn't pay they would declare to the IRS that the investments were distributed back to me at full value; and they did. I hope the IRS is more understanding.
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