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llc model no more for props
- Thread starter darren
- Start date
Quote from darren:
I was with JC trading and in light of all the Tuco and prop discrepancies they are returing everyones deposit capital and not trading until this thing gets figured out in a way that will not upset the SEC. I did get my money today from them. I did not request it they returned it. So hopefully the will open for buisness again, they were a good crew.
I hope so too ! I really don't want to have to go through the trouble of getting my series 7
Looks like the SEC is making more "inquiries" into LLC's.
It was confirmed tonight by a friend of mine who runs a shop in the LLC sub-account model and the person from the SEC said that they might want to check with their attorney before answering any questions because the information "could be used against them."
Sad, but true.
It was confirmed tonight by a friend of mine who runs a shop in the LLC sub-account model and the person from the SEC said that they might want to check with their attorney before answering any questions because the information "could be used against them."
Sad, but true.
Wiesman02 in your particular situation getting the series 7 license would probably be advantageous. You were already registered with FINRA and the series 7 test is not extremely hard. You have to study for it and take a lot of practice test, but its definately doable. Remember you only need to pass it, not get a good score.
The way things are going in the prop world with the SEC, it might be to your advantage to start studying for it now.
The way things are going in the prop world with the SEC, it might be to your advantage to start studying for it now.
Quote from Trader7793:
Wiesman02 in your particular situation getting the series 7 license would probably be advantageous. You were already registered with FINRA and the series 7 test is not extremely hard. You have to study for it and take a lot of practice test, but its definately doable. Remember you only need to pass it, not get a good score.
The way things are going in the prop world with the SEC, it might be to your advantage to start studying for it now.
I'm familiar with it. I have my series 6 and 63. Its a pain in the butt, but I might have to. We'll see how things go.