Search results

What do you mean by this? Are marking you up or actually rerouting your orders and faking where the execution happened?

Another recent Hold Brothers red flag: http://www.sec.gov/litigation/litreleases/2014/lr23143.htm I think you'd be crazy to even affiliate with them let alone send them any capital.

Scalper, also confused on why you think total capital matters at all? My point was that you need to find out if they have a cushion over the trader capital (Class C). Bigger is not better, it might just mean they are good BS artists. Bear Stearns was big too, but not safe. When things turned...

Why do you think that T3 is considered a customer of ETC? Most proprietary trading firms (that are broker dealers like T3) are set up as JBOs (Joint Back Offices). Again, not 100% sure, but I think that JBO participants are technically set up as limited partners or shareholders of the clearing...

More from T3's SEC filings (SEC.gov). T3 loses money year after year. Their own filings show their company (Class A represents their ownership's capital) lost money in 2010, 2011 and 2012. (They did not post a breakdown of earnings by member classes for 2013.)...

the financials look pretty weak, but take a look for yourself to form your own opinion. Some other things besides what the OP wrote worth pointing out. - they only have 2 million class A capital in there. the rest of the capital is all the trader deposits (b and c capital) - their rent is...

This is where he found the financials. Definitely is the broker dealer trading firm, not the education side. http://www.sec.gov/edgar/searchedgar/companysearch.html Type in T3 Trading.

Where do you guys come up with this 'move overseas' stuff? For starters, they got fined $700,000 for breaking every rule in the bd rule book. https://www.cboe.org/publish/disdecision/10-0032%20and%2011-0004.pdf Then, they probably had no decent traders left, and maybe the new owner went...

Back on track. My prediction: 1 - this is not a buyout. Evo, that is beyond naive to think that capital traders group had anything of value to anyone. a series 56 manual and a website do not have value. 2 - ctg will not show up as a broker dealer. what a joke. if they can't hack it...

That fits in. Nothing specifically sketchy with CTG, but not a buyout due to consolidation. That is totally ridiculous. Its just a failure. The remaining guys have lock ups probably so WTS can't throw them out. Don't be surprised when the next branch drops there... Although I don't get...

You are 100% dead on calling it a purge. The clearing firm 'raised prices'? I thought WTS traded more volume than anyone on the street? Who would raise prices on them in this market? Don't forget about Hold Brothers getting fined 6 mill or whatever for their shenanigans. Add that to what...

This has nothing to do with small firms and over regulation nor offshore competition. They were garbage subgroups trading on the WTS account that probably dropped enough volume or got in a hole with the main group and the owners quit. Thus wTS is left holding the bag. Did capital...

does anyone know if they have to pay SEC fees on this? I assume they are charging them regardless, but curious if there is any reason this trade would trigger them.

Are you really asking if the regulators are signing off on Hold Brothers as legit after they just fined them 6 million bucks?

Ummm. I'm not sure why anyone thinks that anyone, abroad or in the states, trading US markets are not subject to US laws and regs. “This should send a stern warning to anyone contemplating insider trading in U.S. markets from abroad that the SEC uncovers such misconduct and the end result...

What do you mean 'if the trade was never made to begin with'? Are you saying they give you fake executions and you are just on demo or mess with the orders some other way?

You're kidding right? This is not an 'international bank account'. This is a brokerage set up in place where no stock has ever been traded and taking 2500 dollar deposits and leveraging them 10 to 1. I'm shocked someone who calls themselves a frequent traveler like you would put this is the...

This SEC bust is about all the unregistered sub 'prop' groups. Alchemy itself may have had some functioning as more of an allocator type, but the rest of these entities are simply unregistered LLCs. Fredericks is the same guy from Tuco Trading. These are all unregistered, and in these cases...

What is the name of the allocator you can introduce to? Anyone interested should be careful in this end of the business as well as prop firms. You are parting with the custody of your money, and in some cases larger sums than a typical prop deposit. There are a few legit ones, be it they all...

That doesn't distinguish between Class A members (ultimate owners) and Class B members (traders or group leaders usually). In the eyes of the SEC and CBOE, they don't bother asking, which is why you need to be so careful. It literally could be zero Class A capital and the rest trader...