Quote Originally Posted by freedave View Post
Thank you for clarifying that, David.

My brokerage account does pay a very very small amount of interest to me.

I think they would function more like a bank than a boss, since they would not file a 1099 or a W-2 or other IRS form, except if I earned interest of over $10 per year, which I don't.

I don't see how I could apply the redemption of lawful money remedy regarding the check if I endorse the check to them in the usual way.
You can make your demand. Because they are paying you some interest on your funds though, there may be some balking on their end. You seem more concerned about repurcussions than anything.

Sorry I don't know more about brokerage firms. I would make my demand for lawful money and sign that, rather than endorse private credit from the Fed. But then, until you came along I felt that I am pretty good at explaining this.