Definition
When investors contact brokers, they are often surprised by the number of requests for personal information. The broker is just complying with the law and rules set forth by the Securities Exchange Commission (SEC). Indeed, certain required information must be obtained before a broker can make any trades on behalf of a client. These include your Social Security number or tax ID, your contact infor
In Panel Profits
In the Panel Profits market platform, Why Do Brokers Ask Investors for Personal Information? applies standard financial concepts principles to comic assets and physical collections.
Common mistakes
Do not infer unobserved prices.