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The regulations, such as FINRA Rule 2111, were not in place until the early 2010s. FINRA/SEC implemented stricter requirements for the verification I mentioned
by tidepod12 6y ago
The 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.