Scottrade No Concealed Weapons Policy

Discussion in 'General Gun Discussions' started by Plan2Live, Jul 11, 2016.

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  1. Plan2Live

    Plan2Live Member

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    I recently took a job with a new employer. I need to roll over my 401(k) and wanted more flexibly to choose investments than my new employer offers through their plan. After a bit of research I decided to go with Scottrade. Scottrade has a local office (Woodruff Road, Greenville, SC) so being old school I thought I would go into their office to open the account. When I arrived at the door I was met with a No Concealable Weapons sign. I was not carrying at that moment so I proceeded inside to inquire about the sign and express my objection to the sign. At first the guy told me "we can't have that around here" and when I countered that comment by explaining the training and background checks permit holders go through in South Carolina his position fell back to "it's company policy". I politely explained I could not do business with them and left. I knew they had another location in Greenville so I called the other location but ended up in St. Louis, MO. I explained to the guy what happened at the other location and did he know if the no weapons policy was in fact "Company Policy". He checked with several supervisors and the head of security and confirmed yes, Scottrade has a No Weapons Policy at their physical locations. Who knew?

    The guy on the phone in St. Louis did give me a fax number I could use to submit my thoughts on the subject. I thought I would share it here. The fax number is; 314-835-3041. This supposedly goes directly to the Physical Security and Safety Department. I will penning a response and sending it later today.

    Disappointed, I came home and looked up the number to the runner up in my research, Fidelity. I called the local office and sure enough, they have a similar policy, at least locally. I thanked the man and hung up without pressing for corporate contact info.

    Who knew opening an investment account would be so difficult. Maybe the NRA needs to open a Brokerage Arm.
     
    Last edited: Jul 11, 2016
  2. pittpa

    pittpa Member

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    They would check for weapons at the door and if you don't have one, lend you one.


    Sent from my iPad using Tapatalk
     
  3. TomJ
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    TomJ Contributing Member

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    There's an Edward Jones office a few doors down from my business that has the same sign. It's too bad, as he's a nice guy who I'd consider doing business with, but I won't support a business with that sign.
     
  4. yugorpk

    yugorpk member

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    I dont care what your policy is. Honestly don't give a flip. Guns in the pocket.
     
  5. Ignition Override

    Ignition Override Member

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    Their attorneys probably assume that a very bad day trading could result in a despondent, Armed person looking for a scapegoat.

    It's just a weak attempt to be exempt from liability.

    Yugorpk: :cool:
     
  6. Old Fuff

    Old Fuff Member

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    I don't think the NRA does have a brokerage subsidiary, but an inquire might bring a recommendation. :) I know that they, and the NSSF (National Shooting Sports Foundation) have directed dealers and others to gun-friendly banks and credit card processors.

    Without question, gun friendly businesses should get our support and money, and the others should be told why the didn't get it.
     
  7. Red Wind

    Red Wind Member

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    I would be more than happy to give you very sound advice. My older sister was one of the rare women brokers 60 years ago (1952-1996). She taught me a lot and her advice has keep me well above water and being able to buy guns for decades. :cool:

    PM me if you need really good 401(k) or 457 information! ;) Because of her, I have not worked a day in 14 years. :)
     
  8. BlkHawk73

    BlkHawk73 Member

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    Curious...you allowed to carry at work?
     
  9. CLP

    CLP member

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    2nd that. Don't advertise. Grow your wealth. Donate to the NRA.
     
  10. bikemutt

    bikemutt Member

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    Yup, that's my policy too.
     
  11. Leanwolf

    Leanwolf Member

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    Yes, and that "No Guns" sign would definitely dissuade an angry, armed investor from entering and shooting up the joint, no doubt.

    "Gun Free Zone" signs work marvelously everywhere they are placed.

    Don't they???

    L.W.
     
  12. akarguy

    akarguy Member

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    there have been too many movies where disaffected customers have intended to harm brokers after suffering losses, Boiler Room for example.
     
  13. Ignition Override

    Ignition Override Member

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    Leanwolf:

    Now wait a second....don't laws and signs prevent career thugs from continuing a life of crime, Or, prevent others from seeking out somebody else as a scapegoat?;)
     
  14. Plan2Live

    Plan2Live Member

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    I didn't need Scottrade for their advice, I needed a custodian for the funds so I could invest it as I saw fit. The existing custodian limits my choices of investments as does my new employer's 401(k) custodian.
     
  15. Plan2Live

    Plan2Live Member

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    According to our written employment contract, no we are not allowed to carry any weapons at work. I've only been with this company about 120 days. When I was looking for a new employer that restriction was high on my list of objections I was looking to avoid when I changed jobs. Unfortunately everyone I interviewed with had a similar policy. Had I been able to find a job that paid me what I am worth, in a city I was willing to live in, and allowed me to be armed at work that's where I would be working now.

    I don't spend money at businesses that don't allow concealed carry by legally armed citizens. But there are a lot more options for spending my money than those wanting to pay me. If you are trying to paint me into a corner, I don't see that as a contradiction. If there were multiple options for employment, at the rate of pay I deserve based on my knowledge, experience and skillset, that allowed me to carry at work and I chose one that didn't then you would have me.
     
  16. Acera

    Acera Member

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    I will move my account to another service based on this. Should have it done in a day or so.

    I seriously hope they ask why as I will be happy to explain that I avoid doing business with those that don't agree with me on the 2nd amendment.
     
  17. taliv

    taliv Moderator Staff Member

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    As a former broker I'd say there's really no point in pestering the locals if you're not going to ask for their advice and pay them commissions. They don't care and there's nothing they could do about it if they did.

    If you lived in TN at least scottrade would be responsible for your security while you were there.
     
  18. Plan2Live

    Plan2Live Member

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    I'm still composing my letter to Scottrade and had already thought about pointing out the Tennessee law.
     
  19. Acera

    Acera Member

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    Well the bad news is the guys in the shop were not in favor of the sign either. They seemed to understand.

    Oh well, I left BoA for the same reason. No need to put my money in companies that don't support those things I do.
     
  20. Taurus 617 CCW

    Taurus 617 CCW Member

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    When someone asks if I am armed or carrying a gun I respond with "I adhere to a strict don't ask, don't tell policy." That usually stops them in their tracks and they drop the subject. As far as work is concerned I am armed all hours of the day or night. Nobody sees it and I go home in one piece every day.
     
  21. Acera

    Acera Member

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    Are you sure you posted this in the right thread?? There is another one running asking the question you just answered.
     
  22. Blackbeard

    Blackbeard Member

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    Do you really need to go to their office? I've had accounts with them and haven't been there in 15 years.
     
  23. DaisyCutter

    DaisyCutter Member

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    I wouldn't have seen the sign, or sought clarification, and just conducted my business and left unnoticed.
     
  24. Grumulkin

    Grumulkin Member

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    There is a bank around here that didn't have a quite large account opened because of their no weapon sign.

    Last year I wanted a new Suburban. I found a dealership that had one I was interested in and probably would have bought it until I arrived there and saw their no weapons sign on the door. I ended up with a different one on the same day from a different dealership.

    When I was in the Charles Schwab office a couple of years ago, there wasn't any no weapons sign on their door.
     
  25. Acera

    Acera Member

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    No, but I wanted to see one of their offices for the first time, and to make the point.
     
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