2 ms·
I was able to trade options with TradeKing in 2010 by just checking a box, claiming that I knew that I was doing. (I was still in college and did not know what
by rrrrrrrrrrrryan 6y ago
I was able to trade options with TradeKing in 2010 by just checking a box, claiming that I knew that I was doing.
(I was still in college and did not know what I was doing, but fortunately only ended up losing a few hundred bucks.)
This isn't new - it's how it's worked for a good long while.
- tidepod12 6y agoThe regulations, such as FINRA Rule 2111, were not in place until the early 2010s. FINRA/SEC implemented stricter requirements for the verification I mentioned in my first comment, but over the past ~5-7 years the brokerages have relaxed them. So yes, it is new relative to your experience in 2010.