It is the dirtiest trick, and old as well, that EZTrader and all other dishonest "brokers apply:
Regulation does NOT require any sort of documentation upon withdrawl, you all need to get this straight.
Regulation demands from brokers that BEFORE clients money is deposited he verify the clients identity and information!!!!!!!!!!
Any serious and honest brokerage will ask for ALL DOCUMENTS relating to the client and his ID FIRST and only if and when compliance agrees, the account will be opened!! That's what the laws of money laundering demand.
But EZTrader and most others turn the laws, rules and regulations on the head!!!!!!!!!!!
With the crooked ways that most engage in, they violate the laws, esp. those of money laundering. They are luring clients to deposit, no questions asked, and then the hassle starts when one wants to withdraw the funds again. It is common and crooked, and in some cases criminal practice, esp. by EZTrader, to send only a portion of the funds, therefore holding on illegally to clients funds for weeks and in some cases for months.
First it is EZTrader violating the law by accepting deposits with no verification - and then they are blaming the client for not having submitted the required documentation. This happens in hundreds and thousands of cases, rest assured of that. It's a slap in the clients face when it is stated here that money laundering laws require this kind of crooked procedure, Mr. Patterson! Any broker needing more than 72 hours to transfer the client's money to his account is a crooked organization. Period.
EZTrader and most others play the game of time - until most small "investors" simply give up - and that is what this is all about, right Mr. Patterson?
I invite you to sue me! I'd be pleased to prove my statements in any court of law.