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I think this thread pretty much explains why NYX is pushing $100. Meet the New NYSE... just like the Old NYSE.

Sure you need at least Series 7 or equivalent. You then have legal status and responsibilities as a "Registered Person"... Entering into some kind of Partnership Agreement with a US Broker-Dealer... In order to evade the protections afforded Customers under Regulation T... So that you can...

True. Warren only uses pencils.

As an SRO with the strongest possible connections in Congress... The NYSE is in a unique position to co-opt the SEC... And bend all regulations in their favor. Exactly how they have been doing this successfully for generations is beyond the scope of this thread... A good business...

No. You do not need any registration... unless you plan to do business with the public.

You sound like a classic "late adopter". I have used GMail for business for 18 months... And get maybe 1-2 spam/week... near zero... And would never, ever go back to the endless headaches of Desktop Email Clients (they all suck).

Good post. Microfinance is one of the ** greatest **... Though still quite obscure... Innovations of this generation.

All liquid securities are 99% efficiently priced... And, FOR PRACTICAL PURPOSES, are subject to the "random walk" hypothesis. But there are MANY complex or low volume or obscure or "uninteresting" securities... That do not draw enough attention to be efficiently priced... And where...

Exactly. That's where small players can prosper.

> Taking On the Duopoly > Dire predictions that the Big Board > would bleed flow are largely starting > to come true. In the past year or so, > the New York has shed about 10 > percentage points, mostly to Nasdaq, > from the 80 percent share level it > maintained for decades. > And...

Typical lazy, mainstream "story"... That, in mathematical terms, is 100% meaningless... Designed only to manufacture "content"... and fill a news vacuum. A returns of hedge fund with this high level of risk/volatility... MUST be analyzed on a monthly basis going back several years...

Your original post is not about a specific incident... It's a claim made BY YOU... That deposit stealing happens to traders that make good money for their firm. YOUR claim is most likely FALSE... But it has led to an interesting thread nonetheless.

You post is complete fantasy. You should be ashamed of yourself. http://www.nytimes.com/2006/03/04/business/04shortcuts.html?ei=5088&en=81349f99b20c7454&ex=1299128400&partner=rssnyt&emc=rss&pagewanted=all Rebates are carefully designed to be denied on various technicalities... Several...

I found a way around the Portfolio Manager conundrum in the 90s. Once you get well into 6 figures Net Capital it becomes an issue. I was offered a Portfolio Manager apprenticeship in 1995... By a guy who now manages about $2 billion under the name of Acuity Funds... But did not want to be...

How come Mr. Rai gets ZERO hits on Google... Except for the times you plug him here? Man... ANYONE in business with zero hits... avoid. Not surprised he's somehow connected to Questrade. That firm has one review here in 18 months... Which is an AMAZING feat considering they advertise on ET.

Your personal experiences... Do not in any way change the fact that only 40% of rebates are paid... And that it is a calculated attempt to trick the customer. You are willing to jump through hoops for a small amount of money. In contrast, my time is much too valuable in dollars per hour terms.

It's important to view the business world in a Darwinian way... And understand that laws and regulations mean next to nothing... Or else you will just get taken to the cleaners. The only thing that matters is... ** what you can get away with **. So what is the solution? You have to...

This is good advice. Trustworthy people never, ever say stuff like "trust me" or "I'm honest"... Because they KNOW that trust can ONLY be earned. So when you hear "my friend" or "trust me" from a stranger... There is a 100% chance that you are dealing with a dishonest person.

Good point. Only about 40% of electronics "rebates" are actually paid... You can verify that number on the Net. On principle... I NEVER buy any product advertising a "rebate"... Because both the manufacturer and the store are trying to DEFRAUD me... And the salesman knows it... but...

Also... Terms like "client" and "customer" are legal terms... That ** strongly imply ** that you are doing business with the public. Unless you have proper, full registration... I would very strongly advise not using such terms on your web site or whatever... Because it constitutes...