How do you claim you make more money than you actually do to apply for stock options at your online brokerage?
Let's say I have bad credit and a minimum wage job - it wouldn't be enough to apply for options trading. But if i claim that i make a significant amount selling things on ebay - even though i don't- i could get access to options trading.
Asked By: Brohim Traveling Pants - 10/28/2012
Best Answer - Chosen by Asker
Brokerage firms do not check your credit, they use another service that is much better than looking at credit reports... More
Answered By: A nobody - 10/28/2012
Additional Answers (4)
Don't do it.
Answered By: Donald - 10/28/2012
It's called securities fraud. It applies to both those working in the industry and those who invest.
Answered By: curtisports2 - 10/28/2012
AFAIK: If you lie, and are caught, they will cancel your account and contact the SEC. You will NOT be happy,
Answered By: wg0z - 10/28/2012
not to mention , the investments would fail to keep up with your debt...You're a Train-wreck looking to happen..
Answered By: zuma - 10/29/2012
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