Are you saying if the NYSE calls you a pro, it doesn't matter what your broker-dealer calls you? That's a big difference in data feed cost!
http://www.terranovatrading.com/TNO_PandS/ExchangeDataFees.asp
I asked Terra Nova the question, "From how I read your website, I could trade as an LLC and still be a non-professional. Is this correct?"
Their response was, "That's right. As long as you are the managing member of the LLC and are using the account for personal trading/investing..yes you...
Itâs been great reading this forum. Iâm an admitted ânewbieâ, but learning fast. Iâve researched lots of broker-dealers and chosen Terra Nova. Iâm going to trade NYSE & NASDAQ stocks and hold nothing overnight.
Iâm obviously interested in setting up my taxes correctly. I plan...