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I believe SIPC goes by tax ID. So your IRA and your personal account have the same SS#, that would be one claim. If you do your person trading through an LLC with an EIN #, that would be a second claim with SIPC.

If you looking for a great platform that is similar to TOS, check out Silexx Obsidian. You can do a 14 day trial. BTW: It's not free. There is a $200 and $400 version. You can trade Equities and Options on that platform through our prime brokers that we introduce to, if your account...

I can't advise you on the rules of when you need to be registered. I do think your correct if you're not marketing for investors and it remains friends and family. You can do all of the above. You can set up individual accounts for each investor and have trading rights through one platform...

How about a bank. They could offer a card processing, store point of sale product for businesses.People could pay with their smart phone, or a card. The point of sale system they use in their stores can be sold with software and hardware to business. Then over time, they can offer other banking...

I not sure why you refer to returning money to share holders, the owners of the company, as giving it away.

They are not returning any money to share holders from the current balances. The buy back and dividend will come out of current income. The current cash account will still increase. If the current cash is not required for any 5 year plan, they should return all the cash that they don't need to...

What do you think they should have done with the money?

I agree......

A Portfolio Margin account haircut or margin requirement on a equity or option position is risk based. Using any leverage multiple is not accurate for option positions. You can check out the OCC Portfolio Margin calculator to see how much margin a position will require. You can certainly sell...

Except he won't know until the next day. It's not a big deal, until it is. It may never happen to you.

Your long call will not auto exercise for early exercise. If someone early assigns you stock on your in the money call spread, you will be short stock and long calls for at least one day. In a regular margin account, that's a lot of margin. In a PM account, it is much smaller. It's a small risk...

I can't respond to your PM, your blocking responses.

I don't think gender is an issue. Proper training. Proper mind set. Have the ability to make decisions with little information very quickly, and be OK with being wrong. Treat trading as a business. Traditionally, women have not been drawn to trading in the same numbers as men, or there have been...

Are you concerned about the margin increase? Are you in a reg-T account? That can go from a small margin amount to a very large one very quickly. Also, if the stock is hard to borrow, you can get hit with some interest charges. http://www.cboe.com/tradtool/mCalc/default.aspx

That quote was from weeks ago and I was incorrect. I assumed IB charged cancelation fees from their own trading. I was wrong. Now, I have No idea why they charge everyone for cancellations. I don't know any other broker that charges everyone.

What I suggest to my clients that want to build a track record to attract investors down the line, is to open an account. Create sub accounts for different strategies. Trade and build a track record of at least one year. During that period of time we can help with offering platforms...

You don't need audited results right now, so there is no reason to pay $10K+ per year for an audit. Just keep all your statements and transactions. When you say you don't have enough money for a prime broker, I'm not sure how much you have. If you meet our minimums, we might be able to help you...

We are talking about a $585 stock, that can move $5.00 in seconds. If you were short 1000 of the 585 puts with 5 min. to go in the day, would you bid to cover? Would you take the risk that some puts would be assigned and have that risk Monday morning? If you were the local MM, how much money is...

Why deep ITM call spreads? Why not pick the same strike prices but look at the put spread. The OTM puts will be more liquid, have tighter spreads and not have the risk of early assignment. If you sell the put spread for $0.20 or buy the call spread for $4.80, the profit potential is identical.

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