Generic Trading?

mentorgen · May 23, 2006

Thank you all for your help.
I have tried having someone call the compliance department a few times but it seems that they are always away.
Will let all of you know of any updates.

mentorgen · May 23, 2006

Hi Don,

I'm not sure about that. But I do know after calling their office that Carlin seems to be the parent company, because they said they handle all Generic related matters.

Surdo · May 23, 2006

Don :
Please read the website, instead of guessing .
Carlin formed Generic.

He should also not be speaking to them without a lawyer at this point.

Don Bright · May 23, 2006

Quote from Surdo:

Don :
Please read the website, instead of guessing .
Carlin formed Generic.

He should also not be speaking to them without a lawyer at this point.

According to NASD:

CRD# 31295
CARLIN EQUITIES, LLC

LEGAL STATUS

This section details the brokerage firm's legal status (i.e, corporation, limited partnership, etc.), state or country where formed, date of formation, and the month the brokerage firm's fiscal year ends.

Legal Status LIMITED
State/Country of Formation DE
Date of Formation 01/26/2005
Fiscal Year End DEC
---------------------------

Formed in 2005...Generic has been around for 15 years or more (Ron Sheer and Co.)...

But as I said, things change...and I think speaking to the owners makes sense.

Don

bighitter1 · May 23, 2006

don isn't carlin a very reputable company? they clear through slk like you correct?

Don Bright · May 23, 2006

Quote from bighitter1:

don isn't carlin a very reputable company? they clear through slk like you correct?

Generic/CArlin have always been solid "friendly competitors" ...yes.

To be clear, I haven't seen or heard much from them the last couple of years, so I'm a bit at a loss about the overall business structure at this point.

Don

mentorgen · May 24, 2006

I've called Carlin's compliance department a few times already and no one picks up.
Anyone have any other suggestions?

Don Bright · May 24, 2006

Quote from mentorgen:

I've called Carlin's compliance department a few times already and no one picks up.
Anyone have any other suggestions?

Whoever is the licensed member of the Firm should call their manager to set up a time to speak to Compliance....if they don't have a manager, that's a whole different problem. There has to be some line of communication.

Don

Hydroblunt · May 24, 2006

Quote from mentorgen:

I mean in my opinion this is just a terrible act. To try and scare someone into staying even though they're not training them. Trading is tough enough in my opinion... you don't need to have someone scaring you and making you stay in an uproductive environment. My student has not been profitable... where in the world is he going to get $25k to pay to leave.

Lol there is a very easy way out of it.

Tell him to trade like a wildman to the point where they will pay HIM $25k to leave.

Surdo · May 24, 2006

I bet Don Bright will finance the $25K if he opens an account at BT! Just kidding Don, I do respect your wisdom, despite your Guerrilla marketing techniques!