No matter what they call it now, it's still American Express.
If you're looking to break into the business, I suggest Merrill or another major brokerage.
Good Luck
It was interesting watching him on the Today Show this morning with Katie. It was going OK for Katie until Cramer mentioned George W. and how he had done a poor job. Katie then came back and asked Cramer a leading question inferring that GWB was doing a good job (like she would know), and Cramer...
I'm guessing it would not be illegal, as long as the subscribers knew that the trader may already be in the stock.
It's a no win game. Even with full disclosure, sooner or later somebody is gonna drop a dime and file a complaint.
Why not?
The newsletters have been doing it forever.
If he was in fact frontrunning, then he got what was due him.
I always said that a securities license is a "license to be sued."
Placed an order for WMT Jan/Mar 50 Calls @ .80 debit.
Been watching it all day with the b/a at .75/.85
Thinking it would have traded quickly at .80
Probably will if market tanks.
I try to do a Cal about 30 days out from the front month with a debit of $1.25 or less.
You're right, it's that direction/timing thing that can screw up the best laid plans.