Which brokers accept third party endorsed checks?

Discussion in 'Retail Brokers' started by Daal, Jul 21, 2006.

  1. Daal


    Since IB doesnt I'm planning on sending my funds to a broker that does then making a broker to broker transfer
  2. they probably dont due to AML money laundering requirements. I dont think you'll find any broker that does this as NFA/CFTC requires all funds remitted into a named account client to have come from an account that matches the name of the account.

    Why dont you just pay the money into your bank and wire it out from there?

  3. This days are OVER...heck, i couldn't even get the back to take a endorsed check to my wife!

    Firms don't send out 3rd party checks any more either which has hurt all the penny stock cert guys