If you've recently closed your dub account but continue to receive account-related documents, this article explains why this occurs and what you can expect going forward.

Types of Documents You May Continue to Receive

Even after account closure, you may receive several types of important financial documents:

Tax Documents

• Form 1099-B (for reporting securities transactions)
• Form 1099-DIV (for dividend income)
• Form 1099-INT (for interest income)
• Other tax-related documents

Account Statements

• Final account statements
• Confirmation of account closure

Regulatory Notices

• Privacy policy updates
• Regulatory disclosures required by law
  
  

Why You Continue to Receive These Documents

There are several important reasons why you continue to receive documents after account closure:

1. Regulatory Requirements

As a registered broker-dealer, dub is required by SEC and FINRA regulations to provide certain documents related to your account activity, even after closure. This includes tax forms for any year in which you had account activity.

2. Tax Reporting Obligations

The IRS requires that tax documents be generated and provided to both you and tax authorities for any calendar year in which you had taxable events, regardless of when your account was closed.

3. Document Generation Timing

Some documents, particularly tax forms, are generated according to specific schedules:

• Tax forms are typically prepared in January through March for the previous calendar year
• Final account statements are generated after the statement period ends
  
  

How Long Will I Continue to Receive Documents?

The timeframe for receiving documents after account closure depends on several factors:

Tax Documents

You will receive tax documents for the calendar year in which you closed your account, even if you closed your account early in the year. These documents are typically sent between January and March of the following year.

Final Account Statements

You should receive a final account statement for the period in which your account was closed, typically within 30 days of closure.

Regulatory Notices

Required regulatory notices may be sent for up to 12 months after account closure, depending on the type of notice and regulatory requirements.

Document Delivery Method

Documents will be delivered to you through the same method you selected when your account was active:

• If you opted for electronic delivery, documents will be sent to your email address on file
• If you opted for physical mail, documents will be sent to your mailing address on file

Important: If your contact information changes after account closure, please notify dub to ensure you receive all important documents.

Need Help?

If you have any questions or need assistance during the account opening process, please contact us at support@dubapp.com