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I am just basing my opinion on this piece and other things I've read on this case: http://www.vanityfair.com/news/2013/09/michael-lewis-goldman-sachs-programmer The part that stood out to me was that at least some of the code that he developed were modifications of open source code. And then...

If that is true, that would be great for traders under the fixed tier commission rate. I've been on both fixed and tiered at IB and I never received any rebates while on the fixed commission structure.

If you are using the fixed commission structure, the ECN fee is built into the per share fee so there is no extra ECN fee. You do pay ECN fees (or get rebates) using the tiered commission structure.

You do not get any rebates with the fixed commission structure.

Under the fixed commission structure: If your API order is SMART routed, it will be: 1000 x 0.005 = $5.00 If your API is routed directly to an ECN, it will be: 1000 x 0.0075 = $7.50 Under the tiered commission structure (assuming you have traded less than 300,000 shares this month and you...

Someone tell Trump to send a tweet ridiculing this new regulation. It will then disappear.

How does this type of scam get detected? It seems non-trivial to discover this unless there was an insider tip.

Yes, but the code he copied was mostly just open source software that GS had already "stolen" from elsewhere. The case against this guy is complete bullsh*t.

Not sure I would trust any answers given to you on ET for this question. Sorry, I don't know the answer. Maybe call in on multiple days and send e-mail questions to TD Ameritrade. If all the responses consistently say you won't be charged, then proceed.

Maybe if you have 100 shares to trade.

What if a1 a2 a3 a4 are all on different exchanges and m1 is a directed market order to a particular exchange?

When short selling restrictions were put in place during the financial crisis (in 2008), that is when the real selling started and the market got hammered.

I don't think this is correct. You can have trader tax status and still produce unearned income unless you set up some sort of business entity.

Except that TLT and TBF are relatively liquid and prints should be happening often.

Liquidity on individual stocks is terrible. You don't get to see the true market due to internalization and dark pools. It feels like it can't get much worse to me, but I'm sure it will. Thanks HFTs for making the market so "efficient and liquid"! To answer your question, I don't think it is...

Well, I would report what your broker reports to you just so that it matches. They will most likely have lots of intermediate wash sales transactions, but you won't be prohibited from taking the "final" loss if you don't trade in January.

Yes, take 30 days off in January and your wash sale problem will disappear (you can also trade different securities during those 30 days that are not "substantially identical" to the ones you have been trading).

You should do some research about incorporating and the time/fees involved (and every year thereafter). I would not go down that path.

Here is an article on the wash sale rule and IRAs: http://www.investopedia.com/articles/retirement/09/ira-wash-sale-rule.asp I am not a tax expert and what I am saying may be incorrect, but I believe in order to set up an entity, you have to qualify for trader tax status. Am not sure you can...

Are you treating your trading as a business? It sounds like something you are doing on the side in addition to your real job. I would not form an LLC or S-Corp in your situation. It is possible that you might qualify for "trader tax" status, but maybe not. It is a gray area, and it is possible...