Karen the Super Trader

[Pekelo]

As for your question: Perhaps Tom truly believes in giving a second chance.....even to the convicted ones.

I do too. That is why I golf with OJ Simpson and introduce him to much younger blondes. After all, what are the chances he snaps again?

The most suspicious thing about Karen never was explained though: She started the fraudulent rolling when market conditions were preferable to her strategy. In short, there was simply no logical reason for it. It was like Nixon's Watergate, a self inflicted wound. As MK pointed out in the post above, if it happens during a huge selloff, that is understandable. But she committed fraud while others using her strategy were making money.

That is the mystery I want an explanation for.

And I am looking forward to Tom's parading Madoff next, because we are all compassionate guys here...

 

[MrMuppet]

I'm guessing he's a Sosnoff/Tastytrade fan...

As for Karen being out of the options business, it might have been fun to have several sequels...Karen the SuperDuper Trader.... The Margin Strikes Back...etc.

Goddammit, you losers. Why do you even care about a person that is called Karen? She's outplayed herself and got kicked out of the business. Why does anybody even need to comment this? Happens every week

 

[MKTrader]

Goddammit, you losers. Why do you even care about a person that is called Karen? She's outplayed herself and got kicked out of the business. Why does anybody even need to comment this? Happens every week

Someone forgot to take their meds? I was obviously joking. If you get that emotional about an ET thread, I suggest you stay away from trading...

 

[Pekelo]

Goddammit, you losers. Why do you even care about a person that is called Karen? She's outplayed herself and got kicked out of the business. Why does anybody even need to comment this? Happens every week

1. Why do you care what we care about? Just ignore the thread you crybaby.

2. We care because she is STILL paraded around as an industry giant.

Anything else I can help you with? Here, a tissue to cry into....

 

[MrMuppet]

1. Why do you care what we care about? Just ignore the thread you crybaby.

2. We care because she is STILL paraded around as an industry giant.

Anything else I can help you with? Here, a tissue to cry into....

Looks like the trading version of a white knight. I leave you guys alone providing social justice to the trading world

 

[Pekelo]

Looks like the trading version of a white knight.

Thanks, I knew you wouldn't have a valid argument, because well, there isn't one. You can call me Factual Fred in the future.

And the High School Debate class 101 is that way>>>>

 

[Stamamarti]

 

[JBuck]

can you please share with us why you so interested in gaslighting this ‘old’ topic ?

Sure. Because she's a fraud and no better than Charles Ponzi, Bernie Madoff, Art Nadel, Jon Corzine at MF Global, Russell Wasendorf at Peregrine Financial, et. al.

We, as traders and/or investors, should remain alert at all times to ensure that people like these are not taking advantage of us using well designed but fraudulent schemes. I don't think that TD Ameritrade or tastytrade is in the same league as the aforementioned but it doesn't hurt to stay alert. I visit FINRA's or NFA's BrokerCheck website occasionally just to check up on the companies/individuals I deal with. You should too. Here's the link:

https://brokercheck.finra.org/
https://www.nfa.futures.org/basicnet/

It's interesting to note that Sosnoff and Sheriden have a record of complaints against them as well as some CBOE regulatory actions that cost the two of them some hefty settlements or fines. I realize that mistakes can happen and I'm not going to close my tastyworks account because of some past transgressions but it's good to know how the people you are dealing with have conducted their past activities. Kind of like running a Carfax check on a used car you're interested in buying.

I would disagree that the topic is "old." The SEC action against Karen Bruton was as recent as last December 19, 2019 at which time the SEC officially barred Karen (the SuperTrader) Bruton from associating with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical rating organization. That's just a few months ago. And I notice that tastytrade still has her videos on its website. I am going to recommend to Sosnoff that the remove the links to her videos. Like the "Quick Chat with Karen" segment that aired Jan. 16th 2020. Not sure why they want to feature someone who was just barred from the industry. I'll ask Sosnoff.

That said I will not post no further Karen the SuperTrader information here. Unless of course she decides to go back into the business.

Best

 

[Pekelo]

An oldie, but goody, truly inspirational. Unless we forget that by the time of the video (2015), Karen was already committing fraud:

"Thus, between November 2014 and March 2016, Hope Advisors collected over $6 million in incentive fees from the HI Fund, which, after payment of salaries and expenses, was divided nearly equally between Bruton and two other Hope Advisors employees. HDB, which also had significant unrealized losses, paid Hope Advisors over $1 million in fees, a significant portion of which Bruton retained."

 

[MKTrader]

Sure. Because she's a fraud and no better than Charles Ponzi, Bernie Madoff, Art Nadel, Jon Corzine at MF Global, Russell Wasendorf at Peregrine Financial, et. al.

We, as traders and/or investors, should remain alert at all times to ensure that people like these are not taking advantage of us using well designed but fraudulent schemes. I don't think that TD Ameritrade or tastytrade is in the same league as the aforementioned but it doesn't hurt to stay alert. I visit FINRA's or NFA's BrokerCheck website occasionally just to check up on the companies/individuals I deal with. You should too. Here's the link:

https://brokercheck.finra.org/
https://www.nfa.futures.org/basicnet/

It's interesting to note that Sosnoff and Sheriden have a record of complaints against them as well as some CBOE regulatory actions that cost the two of them some hefty settlements or fines. I realize that mistakes can happen and I'm not going to close my tastyworks account because of some past transgressions but it's good to know how the people you are dealing with have conducted their past activities. Kind of like running a Carfax check on a used car you're interested in buying.

I would disagree that the topic is "old." The SEC action against Karen Bruton was as recent as last December 19, 2019 at which time the SEC officially barred Karen (the SuperTrader) Bruton from associating with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical rating organization. That's just a few months ago. And I notice that tastytrade still has her videos on its website. I am going to recommend to Sosnoff that the remove the links to her videos. Like the "Quick Chat with Karen" segment that aired Jan. 16th 2020. Not sure why they want to feature someone who was just barred from the industry. I'll ask Sosnoff.

That said I will not post no further Karen the SuperTrader information here. Unless of course she decides to go back into the business.

Best

So did Karen intentionally fraud people (i.e., take their money and not actually use it to invest in her fund)? Or did her fund just blow up because of her naked option selling...even though it happened during a time with only moderate pullbacks?

After a bit of research, it looks like both...she had big losses then hid them.
https://www.thestreet.com/investing...strategy-relied-on-fraud-sec-alleges-13593247