ALARIC Trader: The Real Deal? PDT? Reliability ?

[Alaric Securities]

Hi Alaric, thank you for your response.

"Blue sheets are formal requests for information sent out by the Securities and Exchange Commission (SEC) to market makers, broker-dealers, and/or clearinghouses. Blue sheets ask for information related to specific securities or transactions—especially those that may have affected the price of the security."

If for example you have multiple clients trading the same security (same ticker), you are obliged to provide all transactions of that particular security via Blue sheet to SEC, when such inquiry is raised. In this case, all of Alaric Securities' clients that traded this particular ticker will be billed $400 for the Blue sheet inquiry. Can you confirm my understanding?

Thank you

Hey @Antestor , apologies for the delayed response. Not exactly. Enquiries are usually not only per symbol but per account+per symbol. We understand the price may seem high but we are have a zero-tolerance policy to market manipulation and we aim to discourage any such practice. Most often this charge is applied if we see any repetitive action, otherwise it may be waived or not charged at all.