Hold Brothers No longer with FINRA?

Scalper007 · Jan 18, 2011

Why is Hold Brothers suddenly registered with cbsx? Is it just cheaper to register with cbsx? What implications will this have for series 7 holders at Hold? I am not getting any clear answers to this. Any Hold traders with input, please respond.

KINGOFSHORTS · Jan 18, 2011

Quote from Scalper007:

Why is Hold Brothers suddenly registered with cbsx? Is it just cheaper to register with cbsx? What implications will this have for series 7 holders at Hold? I am not getting any clear answers to this. Any Hold traders with input, please respond.

Why not call hold brothers and ask them?

Scalper007 · Jan 18, 2011

I'll do that. Thanks. Just couldn't wait till morning

cactus_trader · Jan 19, 2011

Quote from Scalper007:

Why is Hold Brothers suddenly registered with cbsx? Is it just cheaper to register with cbsx? What implications will this have for series 7 holders at Hold? I am not getting any clear answers to this. Any Hold traders with input, please respond.

typically speaking CBSX firms will not "hang" your S7

NKNY · Jan 20, 2011

could they be members of both... under the tab joining up they say they are Membes ofr FINRA, SIPC, CBSX

Scalper007 · Jan 20, 2011

Quote from NKNY:

could they be members of both... under the tab joining up they say they are Membes ofr FINRA, SIPC, CBSX

yea i saw that. But I am not sure if they will maintain the finra membership according to one of the branch managers. They are apparently still working it out.

blackbook · Jan 25, 2011

Quote from Scalper007:

Why is Hold Brothers suddenly registered with cbsx? Is it just cheaper to register with cbsx? What implications will this have for series 7 holders at Hold? I am not getting any clear answers to this. Any Hold traders with input, please respond.

most likely because it is much cheaper and you dont need licensed traders.

ScalperJoe · Jan 25, 2011

Quote from Scalper007:

yea i saw that. But I am not sure if they will maintain the finra membership according to one of the branch managers. They are apparently still working it out.

Thanks, that's good to know. Perhaps it has something to do with the new proposed exam requirement for CBSX firms:

http://www.sec.gov/rules/sro/cboe/2010/34-63314.pdf

NKNY · Jan 26, 2011

Quote from ScalperJoe:

Thanks, that's good to know. Perhaps it has something to do with the new proposed exam requirement for CBSX firms:

http://www.sec.gov/rules/sro/cboe/2010/34-63314.pdf

wow, individual associated persons must take and pass the new examination, as applicable,
no later than August 12, 2011. Anyone know if this is going to happen or are there delays....

NKNY · Jan 26, 2011

While we are on hold, anyone ever get a reply to their emails. I sent one out a few months ago and never got a reply... also a few days ago and nothing...lol