Gordon Gekko wrote:I occasionally trade with CFC online. Worst case scenario, you hack in and get my password then sell my measly holdings. They always insist that cash proceeds are in form of cheque to the CDS name, and also physically collected. How can you get round that? BTW, they were https at one time.
By the way, you can always fill a form and CSFS will do a TT. It is not true that you always have to physically collect a cheque. The TT has to be into the bank account they have in their records.
As far as I am concerned, all the KYC requirements (statements, address, ID etc) will make the market safer for everyone.