Quote from elcat9091:
hi,
do you know anything about this firm? Or how the company is or what they do--are they market makers or doing stat. arb or some other strategy?
OK, here is a copy of so many earlier posts, to try to help you and the others today who seem to legitimately asking about Firms. Not all applies to all firms, but most of this applies to most business ventures.
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As with any business venture:
1. Check regulatory affiliations (exchange member or NASD).
2. Check for any regulatory infractions (some have long lists, some don't).
3. Check financial security by getting a copy of the firm's balance sheets.
4. Be extremely cautious of "sub-llc's" - put your money with the main firm, not an offshoot.
5. Licensing procedures (will they sponsor you for your license?).
6. Be sure they have a good Clearing firm (after all, they act as your "bank").
And the obvious things like time in the industry, number of existing traders, etc.
Your accountant or lawyer should be able to add to this list.
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Good luck in your search!
Don
P.S. Will somebody start buying GE now, LOL. (boredom trading).
Don