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SgtSlotter, T3 Trading was set up as a hedge fund for years before they switched to a CBSX BD. They hired you as a trader for their fund. Nevis uses a similar approach where you are hired as an independent contractor to trade the firms capital. The numbers you quote for accredited...

It's best to call/email/IM them these questions, but I will do my best to answer as I do have experience with hedge funds and the brokerage industry. There are certain criteria that require a firm to register as a BD. These include soliciting US citizens, accepting money from US...

SgtSlotter, I am going to agree with another poster that came to the conclusion that you have some alterior motive against WTS. 1. Genesis voluntarily closed down their clearing operations. 2. It has already been stated that the principals of JC are licensed with WTS and run branches...

People say JC is reputable because they have been around for 6 years and have a reputation for being an honest firm. I have traded with them since 2008 and couldn't be happier. What you get with JC that you don't get with other firms is their customer service. They always answer the phone on...

Maybe this would be a good place to start: http://www.jctradinggroup.com/ and: http://www.jctradinggroup.com/contact.php JC Trading Group 6441 Inkster Road, Suite 130 Bloomfield Hills, Michigan 48301 Office: 248.406.3250 Fax: 248.254.7205 And there is no mystery, JC...

Obviously this firm isn't for you...that doesn't mean it's not a good fit for others. -Never argue with an idiot, they'll bring you down to their level , then beat you with experience

Why would you say they aren't trustworthy? Have you dealt with them? These are the facts: 1) People on ET have traded with them and no one has said anything negative about them....only positive remarks. 2) They have been a sponsor here for over 2 years 3) They are incorporated in Nevis...

I posted this before in another Nevis thread: This is from a post on this thread from Nevis Trading ( http://www.elitetrader.com/vb/showt...jc&pagenumber=2 ). I trade at JC and know some Canadian traders who have traded at Nevis for 2 years and only have great things to say about them. ...

This is from a post on this thread from Nevis Trading ( http://www.elitetrader.com/vb/showthread.php?s=&threadid=127027&perpage=6&highlight=nevis%20jc&pagenumber=2 ). I trade at JC and know some Canadian traders who have traded at Nevis for 2 years and only have great things to say about them...

They give a VERY fair rate for the level of service they provide to their traders.

Definitely one of the best firms around. Very honest guys. I have traded with them for almost two years and have never had any issues. I have used Laser and Sterling through them, and might try Lightspeed now.

this has been discussed positively in the past: www.daytradepairs.com hf07

I am of the opinion that Tuco was definitely operating in a gray area. But this has done nothing to make it "black and white" This did not go to trial. So basically the SEC charged Tuco with numerous violations, some of which were complete BS. Tuco agreed to stop doing business without...

Many are missing the point. You write: "But we just have to admit, that Tuco and many others clearly violated laws." The SEC only charged Tuco with various violations. It wasn't in Doug's best interest to spend hundreds of thousands of dollars defending himself. Instead he simply walked away...

Neither Doug nor Tuco broke any laws. Please show me where he pleaded guilty to anything. Please show me where there was a criminal prosecution.

Most firms are not accepting deposits. Instead, they are taking membership fees that may be refunded at managements discretion. Also, almost all firms are requiring a profit split of between 1% and 20%. This seems to satisfy the SEC that these relationships are not broker/client but rather a...

Swift and Title are foreign LLC's and do not accept any US traders. Does the SEC have any jurisdiction over these (and other firms that operate in the same manner)? They do clear trades through US firms (Penson)....does that make a difference?

This case revolves around Doug and the specific actions he did through owning Tuco, not prop firms in general. This is from the Finra website which oversees the SEC: http://www.finra.org/InvestorInformation/InvestorProtection/ProhibitedConduct/index.htm Number 8 on the list of prohibited...

Everyone who thinks the SEC shut down Tuco should read this: http://www.tflinc.com/media/Supplemental_Order_TRO.pdf It clearly states that: Tuco is restrained from activities "not in the ordinary course of business" Thats means Tuco could have operated as "business as usual". Penson...

You are sadly mistaken. The accounts are in receivership. This is NOT the same thing as being frozen. Its actually the complete opposite. Feel free to call the receiver and they will tell you this.