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    Open letter to Baron

    Oh Shut up you dumb ass ____________!!??????? I'd insult you but i need to know your race...Could you please let me know your religious and ethnic back groung so I can slur your properly? Thank you in advance for your help love TM
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    becoming your own broker dealer

    Uhmmm...I've had heavy traders....ive had light traders....no matter how you slice up the pie you need two things: 1) profitable traders 2) equitable and profitable rates that allow traders and the firm to profit....on every trade, not just if the trader does 200k shares in a day one other...
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    becoming your own broker dealer

    I'll give you some advie that alot of B/D owners don't follow.....you MUST make a profit on EVERY share traded and the profit margin must be sustainable no matter what the market conditions are...too many firms only gear up for huge volume but forget that there will be days, weeks even months...
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    becoming your own broker dealer

    too late for niceties!!!!,,,, Don: this is WAR,,,,ShillSecurities will begin raiding bright trading for all its business!!!!.... ***ATTENTION ALLL BRIGHT TRADERS***** -Tired of paying huge bright fees? -Not getting 100:1 leverage for your 5k investment? -paying more then .00001 per...
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    becoming your own broker dealer

    WTF??? Don gives info and gets blessed like a saint... I give info and I get FLAMED!!! Thats it ...Im officially at war with Don!!!:mad:
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    becoming your own broker dealer

    Uhmm,,,thats not how it works,,,the short consumes buying power...
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    becoming your own broker dealer

    which brings me back to my original point that LLC's are pretending to give you 20,50:1 ...FINRA members CANNOT...heres how it works: I have an LLC....I put 1 million in,,,,under FINRA rules i can only have 4 million in BP intraday...so you come along as my first client of the LLC and you put...
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    becoming your own broker dealer

    SWIFT TRADE SECURITIES INC. (45141) SWIFT TRADE SECURITIES USA INC Inactive SWIFT TRADE SECURITIES USA INC are you sure Swift is a FNRA member??? I m not so sure about TITLE either....i thihnk these are LLC's
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    becoming your own broker dealer

    Ok...if you say so
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    becoming your own broker dealer

    No they are not....they have LLC's in place that have accounts with them....the LLC's pool many investors $$ together and make it seem like your getting 100X ect....
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    becoming your own broker dealer

    I'll let it slide this time but don't let it happen agin or I'll flame you!!:D :D How have you been? Haven't seen you round here in awhile..hope all is well
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    becoming your own broker dealer

    actually 5k gets you daytrading...100k gets you prop trading..but your right on about the admin. cost....FINRA now requires at leas two different 24;s...some firms are grandfathered in with the one principal rule.....
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    becoming your own broker dealer

    1) must be a FINRA approved b/d 2) Clearing agreement in place with an exchange member 3) the clearing firm wll equire 1 million plus on deposit re: BP....the most a LEGAL finra firm can give is around 6:1 ....these other people who tout 10,20, 50 to 1 are not FINRA firms but are LLC's...
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    becoming your own broker dealer

    In order to get the 6:1 leverage you need to do two things 1) set up a JBO with Goldman, Bear or other NYSE member and 2) Put up a min. of 1 million dollars with them as deposit.....and there is no guarentee they will accept you ayway...the NYSE has to approve.
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    How to self clear

    Oh contraire!!!... pm me and I'll show you what I did
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    World Trade Securities

    With all due respect....Smith Barney, Merrill and and the big boys are also self rgulated...Yet they spent the late 90's buying mutual funds yesterday with todays news and results...SPitzer uncovered this not the SRO...then there was issuing research to the public while sceretly dumping their...
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    Should cigarettes be banned?

    i DETEST smokers....but amen bro.....
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    Who's been through an IRS audit?

    Yeahhhhh...still going through it now....but one thing i will say...I almost did the " Call Ronni Duestch and pay almost nothing" crap.....after i got all they could do on paper....I called the irs and they made the same deal without having to send a 3k retainer.... they are much easier to...
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    Who's been through an IRS audit?

    Your 25k short and four years too lat with your advice :mad: :mad: ....thanks anyway...life lesson learned:D
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    Should cigarettes be banned?

    armoured saint Registered: Nov 2006 Posts: 553 02-15-08 09:39 AM -------------------------------------------------------------------------------- Quote from TM_Direct: You want to ban abortion the second sperm hits an egg but you can't define life....The supreme court...
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