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Been since 2006 since we had a closure dude to living president's death. https://www.zerohedge.com/news/2018-12-01/trump-declares-wednesday-national-day-mourning-president-bush-stock-market-close

I thought he would also have to be an introducing broker to skim the commissions to FCStone. He gave up his IB registration in 2012 according to nfa website. Were their any disclosures that he was sharing in the commission revenue in any way? That commission is way out of line with even...

Are you trading binary contracts? Why else are you calling "touch" things? Weird.

very likely

Didn’t see any of those quote in the articles I was reading but there they are. Still Lots of winners and losers and questions about fc stones book. Much bigger story the just optionsellers. This could also be a concerted effort to force a bail out of a few nuclear power plants that are...

Do you have a link regarding fc stones statement on their commercial customers? I had dinner with a huge physical trader last night, these guys are not ran over, they are very nimble, control storage, pipelines, etc. Only a few plants tripped for a short time because they didn’t want to pay...

According to FC Stone their commercial customers delivered over 2 tcf of natural gas last year. Total US usage is around 27 tcf so just shy of 7.5% of total. Makes you wonder if they used their knowledge of optionsellers book to facilitate the squeeze and make a windfall on their otc and...

Speaking of psychological miscues I would argue that you recent posts are classic signs of identity protective cognition. The market doesn't care about your positions or bias. Keep your identity small, best to be a blank slate when it comes to the market.

True, like you can borrrow using a non recourse loan for a real estate investment using IRA funds where the portion of income attributable to the percentage of the loan is taxable. I was speaking very generally. I have read through a few custodial agreements and futures accounts agreements...

IRA’s cannont trade with borrowed funds like traditional margin accounts. Limited margin accounts as they are called pertain to trading equities, the broker simply clears your funds immediately as opposed to t+3 so you can day trade and not run into Pdt limitations. You still cannot short...

I am no attorney either but if there was no recourse to recover a debit balance in an IRA account no broker would offer trading of leveraged instruments in an IRA.

Dude tomorrow is holiday in US, Friday is as well for all practical purposes. They can squeeze this up 20 handles overnight and tomorrow then gap it open 5 for Friday and not look back into Friday close. That's been the play the last several years. Whatever the case any position is a coin...

No matter how conservative the approach it is recognized that leveraged commodities are volatile and not suitable for all investors when opening an account. That differs from securities accounts that can take different approaches in more stable assets and are suitable for a wider array of...

Further since they were poa accounts the fcm should of known the style of trading and evaluated if it was appropriate for each customer before allowing engagement in that style of trading. Given the positions listed on the spreadsheets it would be suitable for very few with a very small...

Just the fact that they would of listed a net worth range and the fcm would of seen a majority of that in an account would of raised red flags. Both the CTA and the fcm should of recognized that trading any highly volatile instrument was not suitable for this individual with that percentage of...

I'll add they probably also noted they had 0 years of trading experience. They would definitely have a case against the fcm if all the above was true even if there was a poa.

Was this guy soliciting money with free lunch seminars in hotel ballrooms in Florida or something? How does either side of this, the manager or the investor, invest anymore then a very small percentage of a 90 year old's life savings in anything but t-bills, cds, etc? Since these were poa...

It’s the FCM, FC Stone that let this get away from them. The clearinghouse, CME Group would of been clueless to the capitalization behind this position as long as adequate maintenance margins were being kept on deposit with the clearing house.

This question has been asked here before. If it were that easy don't you think everyone would do it? Exchanges would not function if everyone were able to shield themselves from being a counter party risk.

you are golden or you are not. Depends what you account agreement says.