Brokerage account requirement shenanigans?

Sounds like total BS

The IRS requires this in order to set up an account and talk to them online about any tax issues. Id.Me.

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No scam, they were listed on bankrate, nerdwallet, etc for their attractive incentive.

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Name of said brokerage?

(quote: The IRS requires this in order to set up an account and talk to them online about any tax issues. Id.Me.)
(quote: .... Patriot Act)

Opened one with Schwab less than a year ago, not required.

What, exactly, is your concern?

Companies are probably going overboard with security requirements, but it's because there have been so many issues.

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Very fishy to me, why do they need a photo ID... and in color! I imagine they're on board with ESG.

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Different places interpret know your customer rules into their policies in different ways. They are not trying to exclude you based on your race.

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What was the promotion?

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2k for 100k

$2k for $100k is good. Where?

That’s one of the most generous promotions that I’ve ever seen for that deposit amount. Tastyworks and TastyTrade are Tom Sosnoff’s firms (Think or Swim founder - later sold it to TD Ameritrade). I’ve followed Tom’s options trading methodology for years and I’ve met many members of his team at trading conferences, but I’ve never traded with Tasty or their other firm, Dough. So I can’t speak to their commission structure or other requirements. But they’re definitely legit.

One thing I do remember is that when other firms either didn’t offer portfolio margin or they only made certain clients aware of it, TOS just had a minimum account size and had you take short test to make sure you understood the ramifications. Now that’s pretty much an industry standard.

All that to say, if you want that big bonus, follow the instructions and don’t worry about it. If you know anything about Sosnoff, you know that he doesn’t play games.