Futures For You by Carley Garner
FINANCIAL DISCLOSURE FOR ACCOUNT HOLDERS: DOES IT GO TOO FAR?
Why do commodity brokerages require clients to disclose financial and employment information?
If you’ve ever filled out a commodity account application, you’ve likely noticed the questions dive quite a bit deeper into your personal life than a similar application would for a typical stock and bond account. As a commodity broker, I often feel the brunt of the frustration that commodity traders express over the practice. Nevertheless, there is a good reason for futures brokers prying into your employment and financial information...