Recent content by MBlair

The financial statements are not up to date to reflect the SEC fine and compliance is not offering any new information to confirm the liquidity status of the firm as an ongoing concern. Also, they claimed in August to be moving into new offices Midtown, as of January, still crammed in their...

Bravo. I think every wannabe prop trader should read this. RANT over. [/B]

Nailed it is what. [B]This is a rant that has some relevance to this thread, maybe not much, but it is a rant no less:

Hold Brothers is pitching 99% @ 0.00125 $1.25/1000 on a volume sliding scale over 1M shares a month down to 1.00 or less with rebates. Problem is, their platform is an absolute POS.

Anyone with any brains will stay away from Hold. They're cramped into a 12x12 box in NJ now, desperate to raise capital to pay off the $5M fine they took from the HFT SEC penalty. Compliance is an absolute bitch to deal with, and their accounting manager is some Russian jammed in a corner...

T3 is stacking their "education" side of the floor with students thinking it's a job, and pushing them to live trade whatever Redler is doing that day. It's purely a churn and burn model. The first sight of correction will blow out more than half of T3 in a week. Easily.

Last communication I had with their sales lead in June: "Most firms have implemented an 80/20 split due to regulations, we are evaluating how this may be implemented within our business structure going forward. i.e. possible rebates back to trader. No switch to CBSX is planned."

It is disappointing having to do one's due diligence from the misinformation of a forum message board. All of these relationships should be disclosed on company web sites and in contract documents, and they aren't. This is a problem for the SEC and FINRA to address.

Swiss America Securities in the Bahamas. FYI to anyone who's interested.

They're a SureTrade sub clearing mostly through ETC.

Not sure what that's supposed to mean. Of course not.

I spoke with them as well. No connections to WTS or Belize. Ridiculous. Not sure who or why they're connecting them to IBW either.

Agree. And I do.

If you're wiring money to a broker and signing a 20 page trading agreement absolving said broker of all liability for any potential loss, then it stands to logic and reasoning, and the rule of law, that this information be disclosed in said agreements. That it isn't only points to one word...

Quid pro quo.