Quote from FastandFurious:
I believe the prop firm have to be NASD registered no?
Most major Prop firms are exchange members, thus no need to be NASD members (just a different "club"), and we get all the same benefits, and have the same licensing requirements (maybe more, with an exchange as the SRO).
Just a BTW...no reputable firm would even consider "parking" a license...major penalties.
Don