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Oh, well I totally agree with you there.

You can call me "Angry" or "Cat" or anything else you want, just don't forget to call me to dinner :D Look, we all spend time and money to become good in our respective fields. I don't know how firms like yours work, but if you're extending capital, etc. to traders then, IMO, it's your and...

Don, Dr.'s and lawyers aren't trading their own money. That's the difference. But, never mind that - I have a problem with Big Brother sticking his nose into everything. The test is what it is (as these registration tests go, I think it covers some stuff that is really good to know...

I don't know scorpion, but there are some real issues for firms for whom CBOE is the DEA. None of the firms have ever been required to take exams. So, while some people do have a 7, others either don't or have expired registrations (for example, if you moved from the now defunct AMEX to...

Microjohn, Do you happen to also have the 24? When I cross referenced with the 24, I noticed there was a lot of overlap - at least in the study guides. The thing that differentiates the 56 is the exchange specific rules, it seems. I'm finding those rules are very similar across exchanges...

All CBOE and CBOE stock exchange member firms must comply. I think this is in response to other exchanges' whining that the CBOE doesn't require any exams and they all do. So, the complaint is that the CBOE doesn't have barriers to entry to reduce competition for the large, politically...

I'm not sure the SEC likes day trading firms. However, this is will not only shake up those firms but all market makers on the CBOE and CBSX. So much for fair and orderly markets. CBOE & CBSX firms were informed back in November 2010 that exams were coming. But, which exams was to be...

Given that there are no study materials for the test and thousands of people are going to try to cram into test centers to take it (and the 24 and 14 if they are principals and CCOs - but first they have to pass the 56), I don't see how anyone can comply even by September. Is this another...

The CBOE suggested calling the SEC directly to appeal for an extension of the deadline. The CBOE's hands are tied if the SEC does not relent as it is the SEC that imposed the deadline, not CBOE.

*sigh* You are beyond clueless. I can't hope to unravel the confusion here. My colleagues were right. Talking to you guys is like rolling in filth and, as such, it's a total waste of time and devalues me. No wonder all of them simply laugh at you but refuse to take the time to talk to...

You don't take me seriously? I'm crushed. You clearly have no clue about reg sho rules because, as a retail guy, your broker buys in your 100 shares and you're done. MM's are absolutely subject to 204T - they get three more days to buy in the shares, but they still have to buy them in...

Bailing them out the first time creates the kind of moral hazard and perverted incentives that ENSURE that there will be more bailouts of more "too big to fails" in more industries. Keep in mind that the "strong regulation" doesn't prevent too big to fails that make the system more fragile...

Government doesn't create "jobs" in any meaningful way. A business engages in wealth creation and hires workers to accomplish that end. The employees are paid from the wealth created by the company and if it the enterprise creates no wealth, then it ceases to exist. The government does...

The last time we had capitalism here was sometime before Hoover and certainly at no time after FDR. And...I agree with you. Regulation simply raises barriers to entry and reduces competition. We've had almost 100 years of the SEC and we're bitching about the same things now that they were...

Makes perfect sense. First of all, I have a lot of issues with the cozy relationship the Too Big to Fail banks have with the regulator (but, I also understand that regulatory capture is an unavoidable part of regulation. People like to pretend it doesn't exist but pretending doesn't make...

Ghost, You don't have to be a broker dealer (which all MM's are) to provide liquidity. Any retail guy or hedge fund can post bids and offers. Market makers are just obligated to always make a two sided market. You're absolutely right that nobody wanted to provide bids. The question is -...

Unlike you, I'm one of those liquidity providers you depend on, so I have much more business spouting off about this crap than a guy like you who sits around with his laptop, churning his portfolio all day. As a person with a job, I read threads and comment between actual productive...

And how are the anti-money laundering laws in Canada? They've been screwing around with anti-money laundering laws and making it tougher to open accounts of ANY kind in the United States. If this was a new customer for the bank, it's entirely possible that the bank refused him because...

If it's such a non-issue to you, why do you devote the time to post, moron?

I obviously missed the bit you hilighted. So, this doesn't really do very much except impose more costs on the exchanges. Typical.