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They reject it for missing/incomplete info. They don't audit it for accuracy. They're not going to audit your performance or anything, but they will deny registration if required info is missing. They've provided a very nice template for you to follow. It is very easy to find a few examples...

You can do anything you want, but my experience says that they need incentive to do their best work for you. The standard is 20% for primes and other intro services. I would recommend against setting a minimum hurdle for the fundraisers. They really start working once they start getting paid...

Not sure I follow. You already have an approved ddoc? Simply adding info to an existing doc should be a bit faster. But why didn't you include it in the first draft?

Generally takes 2-3 months. There are a couple things that slow it down. 1)Not having your series 3 completed. 2)Choosing anything other than a 2/20 fee structure. 3)Having missing/incomplete info.

The lawyer has nothing to do with your probability off success. I understand your reluctance because i was once where you are. But you know who really does this stuff for a living? The SEC and NFA. Everything you need to do is completely spelled out on their web sites. Infinitely more...

I also don't use stops and I've been much more profitable since I stopped using them. Stops are an absolutely horrible way to exit a position. If your stop is too tight, you probably won't reach your intended target before being stopped out. But if you loosen it, you're probably going to...

IMO, people are a bit too liberal with their advice around here. It makes me wonder if many of them have been through the process of starting a fund. First, to accomplish what you are trying to do, you don't need an incubator fund. See, the SEC and NFA require past performance to be...

What if there was no short term recovery, but instead follow through selling causing greater losses?

Three problems with that argument. 1) They are only "better" in the category that they more or less have a protected monopoly in. How can you argue that the others wouldn't beat them if allowed to compete in that space? 2) They aren't making a profit in that space, even with a...

Yes, it is a franchise by most standards. You can own one or multiple routes and trucks and hire multiple drivers. By no guarantee, are you referring to no guarantee of profit, or quality standards? The first is true, but the success rates are high because of a well regulated business...

Yes, unless you are talking "freight". Then I believe it is about 200lbs or over 8' length before higher charges. But the point stands either way. USPS is a worse option for anything but envelopes and the little flat rate boxes. Even then if you have a business account then UPS and FedEx get...

Tools, electronics, etc... Winding down now. Too busy with asset management and wife is working less.

You need to consider the entire universe of package shipping. Those rates only apply to their supplied boxes. How much market share do you think those little boxes get? I'd guess that less than 15% of all packages are shipped in the little flat rate boxes. Let's look at another common...

There is a really good chance that an "incubator fund" is a complete waste of your hard earned money. It is a really great way for lawyers/accountants to make a quick buck, but that is about the extent of it. Tell us what you hope to accomplish with this incubator fund and I'd be happy to...

Reg-T... Margin calls came from EOD price glitches every time. At the close on Friday the posted spreads can get a little wacky. Enough to take my account below maintenance margin levels. The first one freaked me out a bit, but the second and third time it happened I didn't worry about it...

Well, most big brokers reserve the right to liquidate securities to meet margin requirements at will. They almost always include a clause in the contract that says they don't even need to contact you to do it. Most give far too much leeway intraday in my opinion. A lot can happen in a...

BTW Brass, Are you suggesting that it is a bad idea for them to be required to pre-fund those retirement accounts? Those accounts keep growing quickly while at the same time volume (and subsequently revenue) is falling through the floor. It's nice that they are currently functioning off of...

Well, I appreciate your opinion and the assistance you give traders. If you want to be able to make the claim "I've NEVER said anything untrue." then I would encourage you to exercise a bit more caution. You specifically implied that their relationship with TH comes at the expense of their...

If you are gonna make a claim like that, then you are gonna have to provide some evidence to support it. I'll provide evidence to the contrary. Given the scale of the operation and it's protected monopoly in the letter mail arena, USPS should be able to provide better and cheaper package...

Not trying to say that IB is perfect. There are things about them that I hate. Their phone service might be the worst in the industry. And their professional client allocation profiles needs some serious help despite numerous promises to fix it, and it is almost enough to cause me to leave...