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Why is it that when I try to join a prop firm, there comes about new regulations, new licenses, new compliance, the increase in Fee's. I don't understand the differences between partnership memberships and why SubGroups of SubGroups keep seeking new homes to escape all this nuisance? Why do us...

"And whats the deal with all these firms having sub accounts of sub accounts? To give those groups the right to charge a higher commission and have the trader churn and burn? " "It's true that some shops operate as a "sub" of one sub-account. However, you can go directly to the firm itself...

Ok now most Prop Firms want a 25k capital contribution because they are not getting fully funded and most of the traders lost them money and walked away with huge losses because of taking on huge bets leaving the prop firms holding the bag. And if you joined one its all a matter of the...

Schonfeld fired most of his traders and Chimera I believe no longer exists. and now the SEC is giving all the shady sub account firms registered with the CBOE a new license exam so they can collect some fees.

When will the SEC figure out what to do with unregistered prop trading firms? It has been what 3 years now? this is getting insane. And are they going to close the CBOE loophole? Can't find a decent place to trade at without worrying about the SEC shutting them down. GOOD GRIEF!

Which prop firm holds ALL three licenses the Series 7, 55, 63? and NOT just 7 I know Assent, Kerhsner and Hold brothers do. Who else am I missing?

Green Rig - Your right! I heard a lot of top traders did not make any money last year. And I heard some firms covered their traders losses but not all of it. All the unregistered trading firms are at risk right now with new talks of changing legislation, separating prop firms from banks etc...

Has anyone heard of this firm? Has anyone traded with them? And if so can you please give me insight. http://houston.craigslist.org/acc/1635367672.html http://www.onyxequitytraders.com/

The firm is registered. Then how come the traders are not registered? How do the traders get to bypass taking all the required securities licenses? 7,55,63? Is the firm only one required to register and not the traders? Those firms are registered with the SEC. But they chose to be...

It is very simple. Every unregistered prop firm should be registered with the SEC and be required to file quarterly statements and pay the fees. daytraders should be protected too from all the shenanigans going on with all these unmonitored sub llc accounts. Before I put up I want to know...

SEC should just shut down every prop firm. This all would be less headache. IMO I can't even find a decent place to hold my licenses. good grief.

what about Prop firms opening LLC sub accounts thru CBOE firms? Are they really registered with the SEC that way? Or is this just another loophole to bypass FINRA registration?

which ones hold ALL licenses, 7, 55, and 63 and not just the 7.... and provide a mentorship and decent pay structure?

I am looking for a prop firm that offers low commission no more than 5 base including pass thru and fees, 20 to 1 leverage, 10 to 1 over night, high payout, Cover losses and holds all my Licenses. I am willing to put up more than 25k. Any real proprietary firms out there? Seems everyone I...

bright's training seems interesting to me. But I would like to know what are the risk limits for new traders. Is there a restricted list for holding stocks over night? And is initial money up held for a year?

I want the real prop firm deal. No money up and no lock up period and a real group of professional traders that play no games. Anyone have a connection in getting in with First New York Securities or Jane Street etc.

does T3 capital hold securities licenses?

I am looking to join a prop firm as well and need a place to hold all three of my securities licenses, the 7, 55, and 63. I am not fresh out of college and have over a year experience trading. I am having a difficult time getting a response from FNSY, TRILLIUM, Jane Street etc. I prefer to...

Thanks Mr. Bright for your kind and helpful information.

why the smart aleck jokes? I asked a simple question. No need for posts like that on this thread.