M1 account active : visa requirements
M1 finance team reached out to me to submit a visa copy as I’m working here in US with work visa. Unfortunately, my visa expired last month and i have i797 approval until 2025. I can only get my visa stamped once i visit my country. I have borrowed money on my holdings(7.25%). M1 team said if I don’t provide any visa by next month they will liquidate my stocks holdings and deposit money to my bank account by taking out borrowed money. I have already requested them to consider i-797 and they are looking for possibilities. What options do I have? I don’t want to sell my holdings. I’m planning to move it to different broker but I have to pay borrowed money. What options i can try for loan with interest rate upto 7-9%? ##investments #finance
Transfer your margin portfolio to Robinhood
You mean amount = total portfolio- borrowed money this remaining amount worth of stocks transfer to margin?
I-797 should do just fine; don’t stress yourself out.
They said just i797 won’t work
How the F did they know about your visa status
They were randomly checking..just bad luck