Proof of Liquid Net Worth

My broker has notified me that they want “Proof of Liquid Net Worth”.

Are they allowed to do this?

Do I have to comply?

 

NO. find another broker.

 

Yes and yes.

 

I second, find another broker. But remember, don't overstate what you can provide.

 

They can ask, you don't have to answer. They may dump you or you may dump them.