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So what exactly happened here? I thought Belize Bank froze and seized their account. But are you saying Belize Bank somehow took possession of the funds from a US bank? And where does the sale of the firm come into play?

They look for profitable traders that either traded a small retail account or have only paper traded. Firms that are currently hiring with the above criteria are Goldman Sachs, SAC Capital, JP Morgan, GETCO Trading. Just send a resume to Human Resources. They usually pay a pretty big salary...

Yea...not bad. At least it proves he is a real trader. Not sure I would keep $18k in an unregistered off shore firm. If you need that much to get $1m in BP you should take the Series 56 and hook up with a registered BD in the US.

If you are in the US just take the Series 56 and you can trade through a registered Broker Dealer!! If you are too lazy to take it then you are stuck trading through an offshore company and they will always be offshore! So deal with it. I agree that there is no fraud with this Nonko...

Ha, where did you get that number from....the same people that implied to you that your funds are SIPC insured???? Last count they had 30 traders...not even enough to keep their CBSX BD open.

YOU'RE FUNDS ARE NOT SIPC INSURED!! I would immediately report this to the SEC. That is a complete lie. Even at the clearing level I do not believe they are SIPC insured because BSI clears offshore. Either way, that has NO protection for you!! However, they have offices in the US which...

So I did some investigating about LST, which is acting as an unregistered firm which are actively getting shut down by the SEC. Lakestreet Trading is a joke. The claim on their website they have a "presence" in all these cities across the globe but they don't even have an address of their...

If they have offices in the US (they do...an old shitty trading floor in NY) and are owned by US citizens (they are), then they need to register in the US as a BD. Otherwise they will get shut down like Tuco, Epighany, Paramount, Regency, etc. Trade at your own risk. The SEC is going after...

I heard of this as well. Problem is you have to use their "special" route which they get paid for and you get screwed on executions. If it's too good to be true.....

Sgtslotter, After reading some of your posts (slow trading day), I can see we are both on the same side....always do your due diligence! As for JC, all I can say is that I have traded with them in the past and they are real stand up guys. I know they merged with OV a couple years back...

CSFX, I never claimed JC Trading is a BD...I said that their traders trade on the CBSX. I was refuting the point by SgtSlottter that they are an "unregistered BD", which they are not. Here is the difference: Firms like Lake Street and CTG will probably get shut down as they are LLC's...

Wrong....All of JC Trading Groups's traders trade on the CBSX. Please check your facts before posting.

I have a feeling why people keep asking about the newest "fly-by-night" of the day. These unregistered firms come on the scene and offer a deal you can't refuse. Then they jack you with higher fees and run off with your money. Lake Street Trading is the latest. They are an unregistered Tuco...

Most of the "study guides" put out were just a money grab from people/firms trying to take advantage of us. They should be ashamed of themselves and if you paid by credit card I would call your bank and challenge the payment. Basically you bought something based on an advertisement and were...

Extended until October 29th....put down your study material for the night and have a beer!

Are you kidding me?? You'll need to make a lot of cash to cover these!

Its not specific to lightspeed or penson...it is streetwide: http://www.nyse.com/regulation/nysearca/Threshold_Arca_Securities.shtml?date=20110816

Jason, Thank you for the reply. For the record I am a very happy FXCM customer who has had a great experience with fills and customer service.

Bill, No one has posted about them because they are new LLC that just popped up. This is the type of LLC that the SEC is shutting down because they are unregistered. The are acting like a broker dealer and need to register as one. Be very careful when dealing with firms like this...

Cactus, Do you even know what a "bucket shop" is??