just curious ...

[SethArb]

anyone know what happens when a prop firm
and or LLC is sold or merged into another firm?

do any traders get a cut of the buyout fee if there is one

or is it only the owners of the firm ?

real naive question here ...

Also ... if traders get a cut , is it only traders presently with
the firm? ( or can former traders who contributed to the
owners profits from commissions etc ask for a retroactive
rebate )?

 

[Don Bright]

Originally posted by SethArb
anyone know what happens when a prop firm
and or LLC is sold or merged into another firm?

do any traders get a cut of the buyout fee if there is one

or is it only the owners of the firm ?

real naive question here ...

Also ... if traders get a cut , is it only traders presently with
the firm? ( or can former traders who contributed to the
owners profits from commissions etc ask for a retroactive
rebate )?

I'm pretty sure that the accounts would simply be transferred (hopefully without losing any money, or assessing the traders, depending on how the "merger" or "buyout" was structured). Much like having your brokerage firm and your bank merge....I didn't get any cash when Wells Fargo took over First Interstate Bank....(Good idea though!!).

Don