Why do I need to verify again?
Members who joined addy before October 2022 are asked to re-verify their identity.
This is because addy’s business model changed from serving as a Dealer (helping Issuers sell shares to addy members) to serving as an Arranger, offering a software solution to help Issuers connect with Dealers to sell shares to addy members.
The Dealer has a separate Know Your Customer (KYC) compliance requirement from addy’s initial KYC efforts. KYC is a standardized requirement for anyone offering financial services in Canada.
Whether it’s selling shares of addys, purchasing a home, or even opening a bank account, identity verification is a prolific element of our national financial regulations.
If you are having issues with verification, email support@addyinvest.com.