Basic questions before joining a prop

[Don Bright]

Quote from chicagodon:

How would this work? Say I join a firm with 20k deposit and after 6 months I'm not happy. I know that it takes a year to get my deposit back, but can this firm 'block' me from going to another firm within that same year? Doesn't the original firm have to U5 me or let me go before I can join another firm?

Also, getting back to a previous question, how is is possible to get into debit with a firm? Won't they cut you after you lose your deposit?

Well, in our case, if you leave after 3 months, we give you your money back, we don't need it. And, you are U-5d and you can trade somewhere else as far as we're concerned.


Nice name, Don, right back at ya,LOL.

Don