Photo ID required by brokers?

Discussion in 'Retail Brokers' started by pretzel, Jun 5, 2002.

  1. pretzel

    pretzel

    I was asked by one of my brokers to provide a photo ID, citing the "Patriotic Homeland Security Act". Anybody have a similar experience?

    pretzel
     
    #1     Jun 5, 2002
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  2. alanm

    alanm

    Part of the requirements of the PATRIOT anti-terrorism law is for brokers to "know their customer", which means that they can require reasonable identification.

    Here's a link to some info at NASD regulation: http://www.nasdr.com/money.asp
     
    #2     Jun 5, 2002
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