My employer set up a SEP IRA account in my name and funded it. I ordered my Merrill Lynch consultant to transfer my funds to my existing Bank of America (ML parent company) IRA account. My consultant says that nobody at Merrill Lynch can access the account until it is "activated" by me entering into a contract with Merrill Lynch that is 100+ pages including terms for brokerage accounts, margins, fees, sections in foreign languages, etc. I do not want to enter into such an over-arching contract just to close the account. The consultant says I cannot get MY funds without agreeing to ALL their terms. The consultant told me that I will have to wait 180 days from when the account was funded when ML will automatically close the account. The consultant says ML cannot close the account any sooner on my order.