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I don't get it...are you saying they're all well-off ?

And of course strip club bills...we know Nav frequented those places. At least he wasn't gay.

Oh, he most certainly owes taxes as most of the expenses claimed to offset the huge income were likely not related to the business of trading. I think I read that in one year with 7 million in revenue, he claimed a net loss profit-wise on his trading company's tax return. Now that's ridiculous...

I walk around the mall the other day and pick-up $100 in change and "lost" dollar bills. A security guard spots me doing this on camera, calls the cops, and I am picked-up at my house and I go to jail. Now they want to know where the criminal proceeds are located ? Same situation. We're they...

That Mark Summers is a real SOB.....he was involved in the Julian Assange case as well.

http://www.reuters.com/article/2015/05/20/us-flashcrash-trader-idUSKBN0O516120150520 Poor Nav now has no chance of getting out of jail before his trial....which may not be till NEXT year !! And Wow, that attorney for the USA is really intent on "getting him".

They are obviously treating your order as a STOP order, not a LIMIT order. Sell stops are when order price is below market and vise-versa for buy stops. It appears you did not specify the correct order type.

Yes, that was poorly written....I've found they have neither.

Well, supposedly they have good experience and you can gain from that...or if they have a great trading platform..... However, I've not found these not to be the case.

Watch-out....many prop firms have lock-up clauses in their contracts that prevent you from withdrawing your original deposit and/or accrued profits....sometimes for up to one year of time !!

Because they are getting paid by large corps who benefit from lower labor costs. Get this: I was up in north Jersey for a wedding this past year and had to stop and ask for directions. I could not find an American in sight....it was all Indians and Chinese people whom I could not even understand.

Better include SKILLED LABOR as well....thanks to our government's H1B visa program which has flooded the technology labor market with nearly a million foreign workers over the past 10 years. Lower wages = higher profits for shareholders only. Lower wages = less money chasing goods and...

Finally : "You won't go to jail as long as you take a High Frequency loss"

They don't want to spend the time, effort and $$$ to do that. Instead, their strategy is to make themselves look good by prosecuting a single, high visibility case.

The reason for this: The regulators are in bed with the likes of CME Group's Duffy and others. This is such B.S. They are going after the "small frys".

Sell puts only if it's a credit spread type of position. Otherwise you'll eventually end up like Vic Niederhoffer.

Powerful people or powerful organizations get away with murder....so whistleblowers BEWARE. Be ready to lose everything, even your freedom, when you file official complaints against these people.

Definitely......How long have you been down there ?

Definitely a fun city... please pass along a list of those algo prop firms..... greatly appreciated.

Hey Surf - I'd like to attend...can you set me up with a jet to fly from Philly ?