What happened to Iranians who own US stocks via US banks/brokers, after the sanction?

[iloveyouguys]

What happened to Iranians who own US stocks via US banks/brokers, after the sanction?

 

[Martin Everson]

Why would an Iranian want to buy US stocks? I mean they don't offer a Death to America ETF do they? smi(&%

But seriously 100'000's of Iranians live in US and I guess must own US stocks via 401k etc. If your an Iranian resident in Iran then maybe different story because of sanctions on Iran itself, but sanctions have been on Iran since 1979 by US.

How and when were these stocks acquired and by an Iranian resident or non-resident? conf/(% Need more details.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[iloveyouguys]

Martin Everson said:
Why would an Iranian want to buy US stocks? I mean they don't offer a Death to America ETF do they? smi(&%

But seriously 100'000's of Iranians live in US and I guess must own US stocks via 401k etc. If your an Iranian resident in Iran then maybe different story because of sanctions on Iran itself, but sanctions have been on Iran since 1979 by US.

How and when were these stocks acquired and by an Iranian resident or non-resident? conf/(% Need more details.
Click to expand...

How? Using a bank/broker in the US, from the internet. He's a resident in Iran but there's nothing stopping him from moving.
When? Before the sanctions.
Do you remember recent US sanctions? Iran, Iraq, Liberia, Sudan, Syria like in 2018 if I remember correctly. Before this thing happened.

Is our Iranian dude screwed? What's gonna happen to his stocks and money in the US?

 

[Martin Everson]

Unfortunately I totally don't deal with anything US. So no idea what will happen. Maybe someone else knows more about US.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Clip]

iloveyouguys said:
How? Using a bank/broker in the US, from the internet. He's a resident in Iran but there's nothing stopping him from moving.
When? Before the sanctions.
Do you remember recent US sanctions? Iran, Iraq, Liberia, Sudan, Syria like in 2018 if I remember correctly. Before this thing happened.

Is our Iranian dude screwed? What's gonna happen to his stocks and money in the US?
Click to expand...

I heard stories of Iranians using second passports to bank in US, but this is only available for HNI and no politically exposed

Toggle signature
Expat in Hong Kong - There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt. - John Adams