Can an employer restrict the banks used for direct deposit?
Answers: They would have to have a pretty rotten payroll system if that is true but since it is not something they have to do at all , unfortunately yes they can do it or not do it.
I would think it would be up to the bank and its policy regarding direct deposit - not the other way around.
Is Primamerica a scam?
One of my friends is trying to get me to be on her "troop." I did a little research more or less Primamerica and It sounds very fishy. What is the point? All it say that they do is one thing, which is try to go and get people who hold life insurance tuning to a mutual fund that they offer. But she told me that they really don't do that. What within the hell do they do then?Answers: No, but past they were cog of Citigroup they were somewhat approaching a religion. They came out of an elder firm called A L Williams, the belief be that whole existence was a scam and that you should buy permanent status and invest the difference. The truth is neither. Whole life, from the best firms, over longer period of time has returns similar to an investment level bond fund. The worst policies, on the other hand, return just about 1/6th as much money as the best. Further, whole duration can be valuable contained by certain income circumstances in spontaneous ways, since the Federal government, by evasion requires joint annuties for married pensioners which is one and the same to inverse life insurance. It can be cheaper to own private time insurance, in oodles cases, with the spouse as the beneficiary and hold the full pension than pilfer the reduced pension.
So the truth is out near, but Primamerica isn't it. They sound fishy because they "know the truth," and hence follow that string regardless of the emprical research into the question they know the truth nearly. Like a religion, they are, or at least be "true believers," "educators" from their point of view.
Primerica is a subsidiary of Citigroup, and they specialize surrounded by financial services. They have their roots contained by selling term time insurance as The AL Williams Company.
The smelly aspect of Primerica is that their org and compensation structure has aspects of MLM, surrounded by that you don't really make money for yourself (in vocabulary of commissions) as much as for your upline managers. If you're familiarized w/ having to deal in to your family and friends and not receive credit for it initially, you know what you're up against.
Primerica is not a scam. They are a financial company that offers several different products and services. Their biggest product offering is possession life insurance, but they also bestow financial education, financial planning (or sorts), and investment services.
Their big push is to edify families roughly finances, get them out of debt and on their path to financial independence, and supply them term life span insurance...using CitiGroup products of course (CitiGroup is their parent company).
They also proffer a "business opportunity" which gives you the fate to pitch their products to people and get money doing so. If you get other those to join the troop under you, you also take a percentage of their sales until they credit to a level equal to your own. You mortgage through the company by recruiting ancestors. This is probably the part of the company that get the most negative attention.
Overall, it is a righteous company. Obviously you are going to get some rabble in anything involving money, so you still hold to be careful.
Rip-off report get a ton of bad reviews on Primerica, so they did an contained by depth investigation (at Primerica's request) and found that most of the negative publicity be being generate by Primerica's competitors and almost none of it was founded within truth.
It's basically a pyramid hatch up judging by the above answers.
You be paid money only after the populace you recruit form sales.sounds approaching Amway.
It's not a scam. Not for everybody, but most companies are not for everybody. They are part of Citigroup, so they are a legitamate company and they supply term vivacity insurance and teach you to invest the difference. As far as a pyramid, almost adjectives companies are set up with a cuff of command with the highly developed ups making more money. Think about it.
Can banker's spouse trade any securities or forex minus the 30 days restriction?
I am taking a career contained by investment banking. My husband trade option and stocks pretty frequently. His trades can be as short as a few days to a couple months, rarely longer than a year. I revise that there is restrictions on trading securities if the spouse works full time within the bank, for example, approval needed from the wall before entering the trade, and no closing of respectively trade before 30 days. Do you know if that apply for forex trading as in good health? I am not sure if that means he requests to stop trading completely, or he can trade forex, etc.Answers: I am not an expert on this subject, but it is my understanding that the rule applies merely to companies for which "material" information and "non-public" information is available to the employee. In such a bag a spouse can not trade the security involved.