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LOL:D

Boy I didn't realize that the regulators took everything so lightly. I mean it's not like short sale violations are the Fastow/Skilling gang or anything, but there is breaking laws and then there is breaking laws! By the descriptions given it sounds like ST was deliberately and flagrantly...

Would the illegal shorting be an arbitration issue? I would have thought that if the NASD or SEC does an investigation and finds some funny shit that they would lay charges and possibly even suspend your licence until a hearing. I don't know, never been through anything like that so I don't have...

Good question V, good question ! :eek:

Daywalker, since as you stated in an earlier post you have only be doing this(prop.) for 3 months I'll assume that you haven't given this much thought. But think about this; as you say Swift may have many bullets on many stocks. But with the number of traders they have and, the fact many trade...

I do not trade at this firm and so I cannot comment on trading specifics. However, some months ago when I was looking for a broker I met with Mr. Weissman to discuss a trading deal. I did not end up at Lieber and Weissman but I can attest to Gene Weissman being a stand up guy! On my...

Tough trying make gains with overly tight stop losses. Management needs too spend more time brushing up on SEC short sale rules and less time enforcing piss ant stop losses.

Caro, what are you saying dude. You think this whole thing is a hoax? Who exactly is perpetrating this grand hoax?

That's hillarious, I could picture Bill Gross sitting there laughing his ass off ass the market tanked. MACD:p

Na holmes, that was my P/L today. MACD:D :D

Damn holmes your faster on the keys then me. Are you the SOB that keeps taking all my trades? MACD:D

This is some funny shit! Can you imagine the clown who set this program in motion. Hope they had their depends on. I remember last year in the spring or summer when some chowder head in europe set a sell program in motion that tanked the FTSE. It was pretty big news at the time. The thing I...

What's with all this F_in' bullshit!!! Are regulators trying to kill the capital markets? All these nonsense regulations and changes. The little independent guys get the shit squeezed out of them while the big boys seem to get more protection. Are the regulators F_ed' ?! I guess they...

Given what has been discussed here it would seem to me that there are a lot of businesses in the U.S. who have run a foul of securities laws by selling unregistered securities.

Why is putting capital into a partnership for trading purposes any different then capital for any other business endeavor? If I form a partnership to buy and sell automobiles and take on partners who put up capital am I selling an unregistered security? In addition if the automobile trading...

Or you could just become a prop. trader at Swifttrade, as it appears they aren't required to observe the uptick rule! MACD:p

AAA, What if the company is set-up as a partnernership with the express purpose of trading to generate revenue and as such the company gives an individual or group of individuals trading authority. The partners all knowing the company is engaged solely in the business of trading for profit...

Can anyone answer Puffy's question ? I am also interested in a response to this question. Thanks in advance.

Sounds like somebody's pissed at Swifttrade!

Whasssup with the odd lot short selling lately holmes? MACD_addy :cool: