unexpected presence of a payee in an investment transaction

[aga]

On 14/06/16 20:59, Jack wrote:
> 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

Was it a recent transaction?  There was a time when a payee was 
required, but that was removed by popular request.

Allan