I've been offered the promotion of becoming the 2nd principal of a small IB. There is no additional financial incentive but it would include me to be listed as a 50% beneficiary of the company if the owner passes away or becomes incapacitated. Because of the size of my accounts at the moment...
I recently transferred my futures account from one broker to another while keeping all the same positions. The initial broker charged commission for all the open position transfers despite none of the positions being closed. Is this legal/ethical? Where would it be disclosed? I've looked through...
I'm looking at doing a $10k CTA account or commodity pool but I want to make sure I understand both thoroughly first. From what I understand you enter a CTA at the exact price level and your account gets traded with the same strategy as everyone else in the group. With a commodity pool you can...