unexpected presence of a payee in an investment transaction
Jack
ostroffjh at users.sourceforge.net
Tue Jun 14 19:59:04 UTC 2016
I was tracking down a recent payment, and so was looking at the Payee
Veiw for a payee "MetLife". Most of the transactions are plain
checks. However, there was one investment transaction. It was for
purchase of a security "METLIFE INC COM" with the funds coming from
the default brokerage account for that investment account. Nowhere in
the ledger do I see any mention of the Payee MetLife. (Yes, it's the
same company - I own shares in it, and pay it for insurance premiums -
completely unrelated activities.) I have not yet dug into the actual
KMY file, but I'm really curious why there is any payee involved in a
"buy shares" transaction with no fees involved. I believe all the
relevant transactions were imported by OFX, either direct connect or
file import (libofx, not aqbanking).
Any explanations?
Thanks.
Jack
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