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I know they refer customer accounts to Cuttone an introducing broker. Look at their Finra Broker check.

Hold Brothers is a prop firm not a clearing member. They do not deal with customer accounts. They clear at ETC.

Saltynuts, Before expiration, there can be a benefit to the buyer of an ITM call to exercise early if: The stock is hard to borrow and they have hedged the ITM call option with short stock and the borrow cost is too high or there is a pending buy-in from failure to deliver the short stock. The...

INTL FC Stone is a public company with much more than $40mm. The Financial Data for FCMs report is always late. Right now you can only view September 2018. ($167,741,650 net capital in the FCM) If you go review these over the next few month you will like be able to estimate the loss unless the...

The big money in self clearing is the banking side of the clearing. (Debit interest and stock loan) Since that is a big part of their revenue stream in addition to PFOF, self clearing makes sense for them.

Risk is very simple. The customer posts a margin bond and the FCM post 8% of that value with the exchange. That is the collateral posted at end of day with the CME. To cover losses, first the customer funds are used. Then the FCM, then the CME. If the customer used an Introducing Broker (IB) to...

SPAN is complicated. Similar to Portfolio Margin in that it is risk based. https://www.cmegroup.com/clearing/risk-management/span-overview.html.

Your comments are not accurate. There are no cash accounts or margin accounts with futures. Your put up a small value of the notion value of the forward contract for Risk. Futures accounts are highly levered but there is no borrowing.

Not sure what NVM is but I answered that question. These are SMAs and the investor opens an account in their name or entity. You can sue the manager, which I expect the investors will, but arbitration will take time and you have to show they breached their docs.

Yes the disclosures are all in place but these are all adults making investingments with eyes wide open. The investor needs to do their own due diligence and make investments that fit their needs and risk. No one should place too much of their savings in risky investments that are highly...

https://www.nfa.futures.org/faqs/members/cpo-cta-disclosure-documents.html A qualified eligible person (QEP) is a sophisticated person who participates in a commodity pool or opens a managed account. The categories of persons who qualify as QEPs are listed in CFTC Regulation 4.7(a).

Does not work that way. CTAs that only allow investors that need to be QEP don't just post their returns. And, larger ones do not either. There are some websites that you can sign up for and see many. Try https://www.iasg.com/en-us/

They do. It is required by the NFA. Would you like to see a Disclosure document from an CTA? I can email it to you but I'm not going to post it.

It is not common. Most CTAs are not option sellers, use less than 20% of Span margin. Please don’t put them all in the same bucket.

Correct.

SMA-Separately Managed Accounts-Each account was in the name of the client. That is the way most CTAs do business. The disclosure on every CTA doc says you can lose your entire investment.

#1-If the stock goes up or run sideways #2-can't answer that for you-It is a long portfolio with limited upside. 3#-If the stock goes down BTW, I hate buy write and would never do them 1:1. I have made this comment with details before. Why would I take the time and effort to stock pick and...

And entity like an LLC will provide some protection of assets outside the entity but the broker or in this case the FCM will still go after you and you will incur the expense of protecting yourself. The best way to protect your personal assets outside the risky trading is to enter a pooled...

You can email them and request a tear sheet and presentation. Some have website that you can request it. Some will want to qualify you 1st.

You should contact me about debit interest rates. I can tell you from experiance that the cost of getting legged by using the Excel spreadsheet to control your legs will be very costly It is just is too slow.