I wanted to signup with them since they do startups but, I was told that I needed a LLC or a EIN before I could. I'm new in the industry, I though a checking account and a Social Security number was still acceptable for payment of commissions.

Clients are Clients, I'm not selling securities.

Are they that big now that they will turn you away and business away, if you don't have a LLC or a EIN?

What's your opinion?

Thanks