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Depends on whether you're talking about true prop or retail prop. In a truly proprietary firm, where you are an employee of the firm, trading their capital, and you don't need to make any kind of capital contribution, they would absorb all of your losses and you wouldn't be responsible for...

Personally I think its a bit of a stretch, but I guess time will tell. Typically irresponsible behavior goes hand in hand with negligence, which tends to be a civil matter... A necessary component of criminal prosecution is "mens rea" (with the exception of strict liability cases) which...

Because not being able to meet your financial obligations, in and of itself, does not constitute fraud. Although the legal definition for fraud will vary from jurisdiction to jurisdiction, most legal definitions of fraud require "deliberate misrepresentation or concealment" or some degree of...

No

OMG you are such an dolt... my whole point in the original post was that McCain has been such a weak and completely inept candidate, particularly in the debates, that perhaps this very weak argument might actually be his best argument. Clearly you don't share the same passion for subtle humor...

Usually I loathe spam, but I actually got one in my inbox this morning that I thought was sorta interesting... Maybe McCain should make this argument in his next debate: A president's pension currently is $191,300 per year, until he is 80 years old. Assuming the next president lives to age...

I've been using one of these for almost two years and so far no complaints: http://www.hotbrick.com/produto.asp?tipo=2&codPro=7 The only negative I can say about these types of devices, which is really more of a software issue than a hardware issue, is that because of the way that UDP...

If they really want to recoup the cost of the bailout from those who are mostly responsible, why aren't they talking about levying a fee against the people who just walked away from their mortgages and let their homes get foreclosed on? Perhaps they should be thinking about putting them into...

Ummm... have you seen what it takes to amend the Constitution? Its not like its any small task.

By 50/50 do you mean 50% chance its bad news and 50% chance the stock will reopen lower?

I guess I should have gone with my gut instead of overthinking it... Congratulations to the original poster... nice trade :)

I actually don't know the answer so I'd be interested in getting an official answer from someone who actually knows what they're talking about. My initial inclination at first was that since all trading has halted and you can't offset your position you'd have to wait till the option expired...

Shareholders will be wiped out. Debt/bond holders will either be wiped out or can stand in line for their turn to talk to the bankruptcy judge.

Correct... Currently, if you purchase or lease a membership on a futures exchange you lose the 60/40 treatment and your profits are taxed as ordinary income. I have previously confirmed this with Robert Green.

IF this ever got passed (big IF because I doubt it will), my guess would be that exchange members, which are the major liquidity providers, would probably get an exemption... which would mean that you could get around it by buying or leasing an exchange membership. That would definitely increase...

You have to remember that this is actually how the FDIC works... When a bank is declared insolvent, the FDIC facilitates a purchase of depositors' funds to another bank or a group of banks. This is pretty standard. The purchase of assets that are not depositors' funds (real estate...

What do you mean by "negotiation" ?

FDIC insurance only applies to banks and isn't applicable to monies kept at a broker dealer. SIPC insurance covers up to $500k in assets and $100k in cash, however, it doesn't protect funds deposited solely for the purpose of earning interest. According to the FINRA website, SIPC protection...

Anyone who doesn't think that President Bush is awesome clearly has never seen "Harold & Kumar Escape From Guantanamo Bay." Not only was it incredibly generous of him to share his best weed with a couple of kids who were down on their luck (not something that most people do outside of...

There are probably others out there, but the only one I'm aware of is Velocity.