Lake Street, Capital Trading Group, and Broad Street Securities

Quote from cubecode:



I found lake street to be a little reliable because some successful trader use them.
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Lake Street Trading's traders do not trade on an exchange. They are operating under the same structure that the SEC has been aggressively shutting down. BE CAREFUL!
 
Some more info on Lake Street. This is the basic due diligence that anyone should conduct when deciding to trade with a firm.

-No address on website---BIG RED FLAG!
-lakestreettrading.com was registered only about a year ago:

Registered Through
GoDaddy.com, Inc.
Domain Name: lakestreettrading.com
Created on: 5/24/2010 4:03:44 PM
Expires on: 5/24/2013 4:03:44 PM
Last Updated on: 5/6/2011 12:57:13 AM

They share a phone number with:

Military Clothing Sales
100 Community Loop
Bldg 10343B
Vandenberg AFB, CA 93437
Phone 805-606-5111
Phone (DSN) 312-276-5111
Fax 805-734-1112
Website
Monday - Friday 10:00 a.m. - 6:00 p.m.
Saturday - 10:00 a.m. - 2:00 p.m.
Sunday and Holidays - closed

Last, they have a storefront on their website to buy "education and mentoring"

google is your friend!
 
Quote from Itrade2009:

google is your friend!
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Very deserving of full LOL, sir! Yes, guys, a lot of info can be had from simple searches. We have given lists of due diligence items on here many times, check those out, google the firm and go from there. I am more than willing to assist, but prefer to do it via PM vs. the main board.

Don
 
Quote from Itrade2009:

Some more info on Lake Street. This is the basic due diligence that anyone should conduct when deciding to trade with a firm.

-No address on website---BIG RED FLAG!
-lakestreettrading.com was registered only about a year ago:

Registered Through
GoDaddy.com, Inc.
Domain Name: lakestreettrading.com
Created on: 5/24/2010 4:03:44 PM
Expires on: 5/24/2013 4:03:44 PM
Last Updated on: 5/6/2011 12:57:13 AM

They share a phone number with:

Military Clothing Sales
100 Community Loop
Bldg 10343B
Vandenberg AFB, CA 93437
Phone 805-606-5111
Phone (DSN) 312-276-5111
Fax 805-734-1112
Website
Monday - Friday 10:00 a.m. - 6:00 p.m.
Saturday - 10:00 a.m. - 2:00 p.m.
Sunday and Holidays - closed

Last, they have a storefront on their website to buy "education and mentoring"

google is your friend!
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well, the time frame in which they register their domain name shouldn't be a problem. why register it before they exist? maybe they've only been around for a year. did you call the number to see who you get? phone numbers do get recycled, and the internet does not update itself every time a business number is changed.

however, i do agree with you that it is a red flag that there is not address. but it makes sense that they may not want to disclose their physical location to anyone who views their website. as mentioned by someone before, it is best to just call a prop firm you may want to join and get information yourself and then react accordingly.
 
So you're saying LST is somehow associated with Tuco? Do I read that correctly? On what do you base this allegation?




Quote from luvtrading10:

Lake Street Trading is the latest. They are an unregistered Tuco firm that will probably be shut down.
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AND I'm more than willing to become a "registered" whatever reporting our financial statements the same as any other SEC entity. Why not. We're all trading through the same exchanges. We're as bound to the rules as anyone else.
 
Seems like very few "traders" on here understand how the concept of "pooled capital" works within the confines of an incorporated group of individuals with equity ownership according to their capital contributions or the consequential concept of "profit and loss sharing" as defined by a tiered membership structure where "A" are the founding "owners" of said corporation and the secondary "traders" are subjugated to compensation based on performance on their ability to make a profit or their subsequent termination from said employment when they do not. EG. "B" and "C".

In Joe's case he'd be a "C" in my group as in "cuckold." I'm an "A" as in "alpha."

Seems very simple to me.

You lay your money down on the table and place your bets. The house is covering the odds you win v. the odds you lose and the difference is what pays the rent on the table and the cost of the dealer's expertise of knowing best the rules of the game.

Everyone else is just a rubber-necker.
 
Quote from CQNC:

AND I'm more than willing to become a "registered" whatever reporting our financial statements the same as any other SEC entity. Why not. We're all trading through the same exchanges. We're as bound to the rules as anyone else.
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The phrase "willing to become" implies that you are not a "registered whatever", so given the "pooled capital" example, how does the Class A member get equity ownership without being registered?

If the sub-LLC is the Class A that joins the registered firm as "owners", but given your example the Class A is NOT yet registered, then how does the Class "C" member register under the Class "A"?

Instead of using childish 4th grade antics, let's see if you can provide some guidance since according to your post the "traders" don't understand how the pooled capital model works.
 
Sorry. That is information will cost you more than you can afford.


Quote from ScalperJoe:

The phrase "willing to become" implies that you are not a "registered whatever", so given the "pooled capital" example, how does the Class A member get equity ownership without being registered?

If the sub-LLC is the Class A that joins the registered firm as "owners", but given your example the Class A is NOT yet registered, then how does the Class "C" member register under the Class "A"?

Instead of using childish 4th grade antics, let's see if you can provide some guidance since according to your post the "traders" don't understand how the pooled capital model works.
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