Back in the days when IPOs were a hit and guys used to collect IDs from the lost and found notice boards all over town, it was very easy to open a CDSC account just for the IPO allocation advantage. Now the stockbrokers are trying to clear up this mess and hence their 'ridiculous' demands for customer details. Have you noticed that d&b even have cameras to capture the photos of anyone transacting at each counter- they actually tell you to face the camera for the photo.
Disclaimer... I don't work for a stockbroker or any of the institutions involved in this shenanigans.

If you are looking for a new broker, equity are the best

Jawz: Income income is almost IRRELEVANT to my investing habits.

A jamaa who takes home 1mn/month can blow it all on wine, women & song... We all know jamaas who drive big cars, live in fancy houses, etc... lakini saves ZERO.

Anyway, my biggest fear is someone in a brokerage taking my info and selling it to a scammer, a conman in prison, kidnapper!

Was willing to overlook KYC on both the brokerage and bank (as a customer) but after a visit to CFC Stanbic today I realised that my savings account no. has changed again (12 digits now or extra zeros?). I think the CFC franchise will soon drive people away...still not settled with system.

And trying to take more money from me, no more free statements on my chequing account...aaahhhh. Turns out some ATMs have more functions than others;e.g., Sarit ATM vs town ATMs, Sarit has no mini-statement capability and the old cfc town ATMs on most weekends don't give receipts. This bank is getting on my nerves.