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A 6-year old thread and it's got all of the usual suspects. Don Bright, Maverick, what more could one ask for? I haven't read this board in about a decade, and I come to find out that only 5 of 45 prop firms have survived that interval. One of them is Bright. No surprise, Don's one of the few...

One of the funniest threads, ever.

I agree that use of the word "proprietary" is completely bogus. Either you're trading the proprietor's capital and the proprietor suffers any net losses, or you're not. If your capital is at risk it ain't "proprietary" trading, period. However, perhaps the regulators will finally get around...

:) :) :) The illiteracy never stops. Next, he'll tell him to get bent.

I don't know either Mav or Don, but they're both experienced professionals, and I have the utmost respect for both of them and anyone else who can carry on a reasoned discussion. Mav makes extremely valid points, but neglected to include a couple of things which should shut the detractors up...

True. They don''t know the difference betweeen the reg and non-reg sides of REFCO. Anybody with a regulated futures account, customer or RTS or whatever, is whole and the account is now with Man as of the close of biz last Friday. Man has sold various chunks of that off to others. No...

Nope, one applies for a tax ID #. See the link in the previous post.

Ah, no, he didn't. Where do you get this stuff? Bennett was hiding old customer defaults to Refco by making it appear that the $350 mill (or whatever the amount was) was legitimate debt owed to Refco. He, apparently with the help of others, did it in order to facilitate the IPO. When the...