Corporate Client Identification
- Do I need to confirm a corporate client’s directors if the client is a securities dealer?
- What if I have to contact a corporation’s lawyer or accountant to obtain the necessary information to complete the Corporation/Entity Identification Information Record?
- In the case of a corporate client, is an online search sufficient to identify the corporation? Is there a requirement to identify the director(s) involved?
- What information is required to verify that the person an agent or broker is dealing with has the authority to bind a corporation?
- Do I need to ID the individual who is conducting the transaction on behalf of the corporation (for example, the person I am physically dealing with) as well as the corporation itself?