Your first mistake was signing up with Tower Hill / Great Point in the first place. There is so much negative information on this website about them.....including how bad the agreement is.
That being said....I agree with everyone else. The non-compete isn't enforceable...unless you steal...
Again, you shouldn't take legal and accounting advice from the internet but I can't see how you would get in trouble for PDT. When US citizens were able to have non-US FX accounts people did not get in trouble for having foreign accounts that offered higher leverage.
However, I would...
Suretrader is now making all US traders fill out a Foreign Account Tax Compliance Act (FATCA) and W-9 (email went out ao all traders today). When you complete this the US Agencies will know you have/had a foreign account. If you did not also complete an FBAR form with your income taxes for the...
Chris,
We have gone through this on other threads. I hate to shout...but: THERE IS NO SUCH THING AS A FDIC BROKER DEALER....ADDITIONALLY, YOUR FUNDS AT GREAT POINT ARE NOT GUARANTEED BY THE FDIC!!!
Either you are being lied to or a shill for the company...which one is it?
Chris,
Again you are very confused and I don't understand why you keep posting incorrect statements. Brokerage accounts are NOT insured by the FDIC. They are insured by SIPC.
If a brokerage firm offers banking services then the money in that account will be FDIC insured but again that is...
I will enlighten so you won't sound so foolish in other posts. FDIC is for banks. No brokerage accounts are FDIC insured. Not even accounts at Goldman Sachs which I would categorize as legitimate.
Obviously you have no idea what FDIC even is! If you did you would realize how ignorant your post is.
“Never argue with an idiot. They will only bring you down to their level and beat you with experience.”
― George Carlin