MyECheck, Inc. (fka MYEC)

[byrdiesoccer]

You would be surprised for some of the reasons why people do not open other broker accounts...

Here is one reason

Many employees of brokerage firms are only allowed to have brokerage accounts in the respective companies they work for. I.E., all employees of Fidelity must have all investment assets in a fidelity account (there are very few exceptions that allow an employee to have assets somewhere else). Here is Fidelity code of ethics for employees:

Rules for All Employees Subject to This Code of Ethics
What’s Required
Acknowledging that you understand the rules
Complying with federal securities laws
Reporting violations to the Ethics Office
Disclosing securities accounts and holdings in covered securities
MOVING COVERED ACCOUNTS TO FIDELITY
MOVING HOLDINGS IN FIDELITY FUNDS TO FIDELITY
Disclosing transactions of covered securities
Disclosing gifts and transfers of ownership of covered securities
Getting approval before engaging in private securities transactions
Getting prior approval to serve as a director
Clearing trades in advance (pre-clearance)


Source-http://www.sec.gov/Archives/edgar/containers/fix014/710826/000119312510101655/dex99pc.htm

IMO I would not be surprised if employees of DTC participant brokerage firms had similar codes of ethics...