Quote from KageRyu:
Thanks for the advice guys. I'm kinda surprised that brokers don't check the accuracy of the financial info their customers submit. I guess they just want to protect themselves and get paid commissions/fees.
Unless you submit an audited financial statement of net worth, there's no practical way that a firm can check the validity of your claims. The most they can do is pull a credit pull (soft, unless you allow a hard pull) and most don't. I know Advantage does before they open an account with you and periodically check to make sure your behavior has not changed.