the rules everyone keeps talking about have been around for a few years & so have all the prop sub-llc firms. not all the same, but similiar in their structure. their are no new changes at the moment but firms being pro-active in trying to comply with the rules that are in place. their are firms that are structured properly & manage their business the right way in being honest. so the prop llc model may shrink but i feel with continue for the long term. one bad apple in any business can make it bad for others. no sense being concerned about something that may never happen. everyone is speculating at the moment. business will go on as usual & all will be forgotten . right now its status quo & hopefully stays that way as it should
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
PDT Rule & Prop Firms
- Thread starter tito
- Start date
i think all the apprehension about taking the exams(besides the stidying) is the worry that it is a waste of time. by this i mean some seem to think that whether you take the exam or not,you still need 25k;the only difference will be leverage. so obviously its not the examp per se but the 25k. if it is shown that taking the series 7 circumvents the 25k minimum then i bet more would be willing to take it.
my intuitions seem to think that the series 7 will alow a trader to continue where he left off at a sub llc;the same parameters without the 25k. any opinions?
my intuitions seem to think that the series 7 will alow a trader to continue where he left off at a sub llc;the same parameters without the 25k. any opinions?
Series 7 has nothing to do with the ability to trade...nothing....
If a firm establishes itself to risk its capital, it makes a decision on whom it wants to associate itself with.
Risk has to do with the ability to trade and the evidence thereof....
SERIES 7 HAS NOTHING TO DO WITH THE ABILITY TO TRADE !!!!!!
If a firm establishes itself to risk its capital, it makes a decision on whom it wants to associate itself with.
Risk has to do with the ability to trade and the evidence thereof....
SERIES 7 HAS NOTHING TO DO WITH THE ABILITY TO TRADE !!!!!!
everyone wins with the 7 !!! the testing centers.... the prep companies.... the exchanges... the SEC then has total jurisdiction. see.. it is a win win win win solution.
but as the poster points out above.. it has nothing to do with trading.
oh yeah.. and the data becomes more expensive. YAY!
Brainwashing and testing is big business these days:
Laureate, a provider of higher-education services (LAUR:
LAUR
News, chart, profile, more
Last:
Delayed quote data
Add to portfolio
Analyst
Create alert
Insider
Discuss
Financials
Sponsored by:
LAUR, , ) , valued its deal at $3.8 billion, including the assumption of $700 million in debt. If approved by shareholders, Laureate Education would become a privately held company.
The Educate Inc. deal carries a value of $535 million, also including debt.
Chart of LAUR
Laureate Chairman and Chief Executive Douglas Becker, the company's founder, has a consortium including buyout powerhouse Kohlberg Kravis Roberts & Co. supporting the $60.50-a-share cash deal for Laureate. He first approached the company, formerly known as Sylvan Learning Centers, about a transaction last September.
but as the poster points out above.. it has nothing to do with trading.
oh yeah.. and the data becomes more expensive. YAY!
Brainwashing and testing is big business these days:
Laureate, a provider of higher-education services (LAUR:
LAUR
News, chart, profile, more
Last:
Delayed quote data
Add to portfolio
Analyst
Create alert
Insider
Discuss
Financials
Sponsored by:
LAUR, , ) , valued its deal at $3.8 billion, including the assumption of $700 million in debt. If approved by shareholders, Laureate Education would become a privately held company.
The Educate Inc. deal carries a value of $535 million, also including debt.
Chart of LAUR
Laureate Chairman and Chief Executive Douglas Becker, the company's founder, has a consortium including buyout powerhouse Kohlberg Kravis Roberts & Co. supporting the $60.50-a-share cash deal for Laureate. He first approached the company, formerly known as Sylvan Learning Centers, about a transaction last September.
1946: Carnegie Corporation funded the Educational Testing Service of Princeton, New Jersey.
Prometric is a wholly-owned, independently operated subsidiary of Educational Testing Service (ETS). ETS purchased Prometric from The Thomson Corporation in October 2007 as a strategic maneuver that would give it control of the largest test center network in the world and allow it to meet increased international demand for its exams. Strategically aligned with its new parent, Prometric is ideally positioned to make substantial technological progress and creative contributions to the testing and assessment industry. http://www.prometric.com/AboutUs/History/default.htm
ETS is a US-registered 501(c)(3) non-profit organization with an international headquarters, which is located on an 376-acre estate outside of Princeton, New Jersey in Lawrence Township, Mercer County, New Jersey[1][2][3]; processing, shipping, customer service and test security is in nearby Ewing. ETS Europe is headquartered in Utrecht in the Netherlands.[4] ETS employs about 2,700 individuals,[5] including 240 with doctorates and an additional 350 others with "higher degrees."
Much of the work carried out by ETS is contracted by the private, not for profit firm, the College Board. The most popular of the College Board's tests is the SAT, taken by more than 3 million students annually.
ETS has been criticized for being a âhighly competitive business operation that is as much multinational monopoly as nonprofit institutionâ. [6]
Due to its legal status as non-profit organization, ETS is exempt from paying federal income tax. Furthermore, it does not need to report financial information to the Securities and Exchange Commission. [7]
In response to growing criticism of its monopolistic power, New York state passed the Educational Testing Act, a disclosure law which required ETS to make available certain test questions and graded answer sheets to students."
even i am a little surprised by this connection. this goes back to Carnegie.... and globalism!!! they called it communism back then. too funny..... all the money you spend to get ur precious 7 goes to the Carnegie foundation who is part of the CFR who wants to destroy this country and usher in the North American Union.
THANK YOU SEC!!! i knew i smelled a rat... poor Tuco.
Prometric is a wholly-owned, independently operated subsidiary of Educational Testing Service (ETS). ETS purchased Prometric from The Thomson Corporation in October 2007 as a strategic maneuver that would give it control of the largest test center network in the world and allow it to meet increased international demand for its exams. Strategically aligned with its new parent, Prometric is ideally positioned to make substantial technological progress and creative contributions to the testing and assessment industry. http://www.prometric.com/AboutUs/History/default.htm
ETS is a US-registered 501(c)(3) non-profit organization with an international headquarters, which is located on an 376-acre estate outside of Princeton, New Jersey in Lawrence Township, Mercer County, New Jersey[1][2][3]; processing, shipping, customer service and test security is in nearby Ewing. ETS Europe is headquartered in Utrecht in the Netherlands.[4] ETS employs about 2,700 individuals,[5] including 240 with doctorates and an additional 350 others with "higher degrees."
Much of the work carried out by ETS is contracted by the private, not for profit firm, the College Board. The most popular of the College Board's tests is the SAT, taken by more than 3 million students annually.
ETS has been criticized for being a âhighly competitive business operation that is as much multinational monopoly as nonprofit institutionâ. [6]
Due to its legal status as non-profit organization, ETS is exempt from paying federal income tax. Furthermore, it does not need to report financial information to the Securities and Exchange Commission. [7]
In response to growing criticism of its monopolistic power, New York state passed the Educational Testing Act, a disclosure law which required ETS to make available certain test questions and graded answer sheets to students."
even i am a little surprised by this connection. this goes back to Carnegie.... and globalism!!! they called it communism back then. too funny..... all the money you spend to get ur precious 7 goes to the Carnegie foundation who is part of the CFR who wants to destroy this country and usher in the North American Union.
THANK YOU SEC!!! i knew i smelled a rat... poor Tuco.
the time & cost of 1k to take the series 7 . its not worth the aggravation. where do you think all these sub-llc came from, traders not wanting to be licensed period. its a pure regulatory issue & does not apply to trading at all. its just a way of joining some pro firms thats all. nothing will change for the most part , its been allowed & accepted . freedom of choice for traders to affiliate themselves with whatever structure they wish. not one size fits all within the context of a llc. not much will change & no reason for it to now. if their is a will .. their is a way.. no matter what
In January of 2008.....the major brokerage firms paid themselves over $49 Billion in bonuses.
These valuations were largely dependent on 3rd tier level securities.
Several weeks later.....these securities are worthless.
The SEC should close down all the major brokerages.
Furthermore the SEC should be shut down....because they have not shut them down.....
The biggest part of the problem is that the firms have levered themselves 30 to 1.....40 to 1 ......etc....etc... with illicitly formed securities....
They have every license known to mankind.....
....................................................................................
So it basically boils down to this....
If you do not have the funding to buy off politicians and lawyers....then get the fuck off my turf !!!!!
These valuations were largely dependent on 3rd tier level securities.
Several weeks later.....these securities are worthless.
The SEC should close down all the major brokerages.
Furthermore the SEC should be shut down....because they have not shut them down.....
The biggest part of the problem is that the firms have levered themselves 30 to 1.....40 to 1 ......etc....etc... with illicitly formed securities....
They have every license known to mankind.....
....................................................................................
So it basically boils down to this....
If you do not have the funding to buy off politicians and lawyers....then get the fuck off my turf !!!!!
Quote from libertad:
In January of 2008.....the major brokerage firms paid themselves over $49 Billion in bonuses.
These valuations were largely dependent on 3 tier level securities.
Several weeks later.....these securities are worthless.
The SEC should close down all the major brokerages.
Furthermore the SEC should be shut down....because they have not shut them down.....
The biggest part of the problem is that the firms have levered themselves 30 to 1.....40 to 1 ......etc....etc...
They have every license known to mankind.....
thank you libertad!!! i thought i was the only one that gave a fucking shit. thank you.... did you know that if bear stearns was not illegally "rescued" by the fed(actually the tax payers) they would have filed bankruptcy and the billions paid out in bonuses to their executives would have been seized?
go back to the LTCM bail out.. their leverage was 100 to 1 ... maybe greater.
which reminds me.... after 2 yrs you get to pay up again and waste time going to their testing center to pay them $65 for continuing education that could be passed by a 5 yr old.
and still has nothing to do with TRADING!!! oh yeah.... and make sure you have all your ID's with you. big brother wants to protect you from Al Qaeda. unreal people.
and still has nothing to do with TRADING!!! oh yeah.... and make sure you have all your ID's with you. big brother wants to protect you from Al Qaeda. unreal people.
According to [Joseph] Kraft, a $2.5 million grant in the early 1950s from the Ford, Rockefeller, and Carnegie foundations made the Council âthe most important single private agency conducting research in foreign affairs.â In 1960-61, foundation money accounted for 25% of CFR income.