A Dealer Member is simultaneously onboarding two new clients: a private investment corporation with $11 million in assets and a sophisticated individual with $11 million in assets. What is the most critical difference in their verification requirements?

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Under Rule 1201(2), corporations (> $10M) are institutional by size, but individuals (> $10M) only qualify if they also provide written request and consent.

A Dealer Member is simultaneously onboarding two new clients: a private investment corporation with $11 million in assets and a sophisticated individual with $11 million in assets. What is the most critical difference in their verification requirements?

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