Forced closing of Wachovia account

Forced closing of Wachovia account

For several years I've had an account with Wachovia for both shares and cash. I'm a citizen of the US but live in the UK. I've just been notified by Wachovia that because the United Kingdom is on a 'restricted list' for international business, they will no longer operate my account and have given me 3 options for closing it down. No warning or further explanation was given. Is this acceptable business practice?

J.

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