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Nevis Financial Regulators posted this warning on May 1, 2015, and as I recall there were warnings posted here on ET: http://www.nevisfsrc.com/advisories-2/warnings/267-nevis-trading-group-llc Hopefully the Nevis Regulators will be of some help, as there's probably some type of paper trail...

Ok, I was under the impression Nonko/Nevis were both operating out of the West Indies as one firm with separate LLC's. Have you checked with the Nevis Financial Services Regulator? http://www.nevisfsrc.com/advisories-2/warnings/368-re-nevis-trading-group-llc

It looks like the federal case has too much dirt on this guy, and my guess is he will plea out. The wire fraud charge alone is a 20 year maximum penalty and $250k in fines. I mean, geez, how does the scam get more blatant than THIS: "Chamroonrat and his conspirators discussed the scheme in...

You can read the settlement offer from Plumer here: https://www.sec.gov/litigation/admin/2017/34-80176.pdf (Note: they barred him from the Securities Industries, and he's only 27, probably got caught up in the fraud. What's interesting is the SEC did not seek any monetary relief in exchange...

You can read the SEC.gov complaint here: https://www.sec.gov/litigation/complaints/2016/comp-pr2016-273.pdf

Read the FBI special agent's sworn statement. The banks were in Cook Islands and Belize. See page 5 of the affidavit, paragraph 2 under "THE SCHEME TO DEFRAUD": "But rather than using those deposits to fund securities brokerage accounts, Chamroonrat and his co-conspirators simply stole the...

"zero information?" Did you see this press release? https://www.justice.gov/usao-nj/press-release/file/920066/download

The NYSE margin debt has once again exceeded $500 BILLION DOLLARS (a level seen twice in 2015 and twice in 2016). Compare the rise in margin debt vs. the S&P (see links below). It will be interesting to see February/March 2017 data hit the $500 BILLION+ market, or if investors are slowly...

Yes, it's easy to overlook that nuance in the IRS paragraph. I fully agree with your point that it's a "simple piece of life changing advice." If they added this simple disclosure on the broker's agreement (without providing any legal or tax advice), then it would be great for day traders. It...

Here's a thread of discussion on the subject on Forex Factory: https://www.forexfactory.com/showthread.php?t=625871

When in doubt, ask Google! And of course, conduct due diligence, especially when dealing with offshore firms. :) http://forums.babypips.com/forex-brokers/36221-going-offshore-escape-cftc.html

"I have to deduct 3k for 20 years..." No, you don't, IF you are a pattern day trader and made the Mark-to-Market election. Like the OP was inferring, you did make the Mark-to-Market election, right? "...if a trader makes a timely mark-to-market election, then he or she can treat the gains...

Capital contribution firms let you trade with 10x or 20x of your capital. So if you put up 10k, then you can day trade with 100k, or up to 200k, with "first loss" of your capital. In other words, the firm gives you access to their capital on a larger scale than if you were to open up a margin...

Prop firms who ask for a capital contribution aren't "hiring" but instead are allowing you access to firm capital by a factor of 10 or 20 of your initial contribution. You can try a combine with TopStepTrader and pay an entrance fee to gain access to a live account with an 80/20 split after...

Yes, this WAS, IS and WILL BE the plan for Uber. They jumped the gun in CA as they didn't have the proper DMV permits, which caused them to shift the vehicles to AZ. It seems they are trying to correct that now. As I've repeated here, the drivers (i.e. indentured servants) are helping Uber to...

Good observation. On Feb 24th, to get 100 contracts on just 4 trades, she'd have to have clipped 15 lots on two trades, and 10 contracts on two trades, or some combination thereof. Also, given the average duration of 13 minutes, it implies very low volatility during the period in which she...

Nice chart, and very articulate. It's similar to a research conducted by Yardeni Group, which shows the past bull/bear cycles on the S&P (see link below). http://www.yardeni.com/pub/sp500corrbear.pdf

Check out a recent clip of UBER's Kalanick arguing with driver, hilarous.

It was posted earlier. TST was offering a trader to bypass the FTP after passing the combine if you already had the live account but were sent back to the combine.

I think his point was "why bother?" If he was down minus $541 and only had 3 days left, then he would need to recover the draw AND make enough profit in three trading days to continue trading past the "10-day rule." So yes, he could have recovered the losses, but chose not to continue. It...