Write checks only to the brokerage firm.
When depositing funds into your investment account, never send cash, use your checks. Make sure your check is payable to the brokerage firm or the clearing firm if there is one.
Some smaller firms use clearing firms to handle and maintain the investments and cash review of your monthly statement or new account documents should indicate who your checks should go if there is a clearing firm and who checks should be made payable to.
If a broker asks for a check made payable to himself or a third party, contact his manager and determine in writing why it is necessary.
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