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[ratboy88]

Quote from lescor:

Tuco's assertion was similar to what that attorney wrote, and they intended to defend themselves in court and hopefully prove that what they were doing was not a violation of the law.

However the way the sec operates is kind of like the mob. They come in to your office, freeze all activity and then start their investigation. That involves their lawyers, accountants, computer staff, various assitants etc. They all work for the government, but guess what? Tuco was getting billed for all this. To the tune of about $2100/hour. Time in court, guess who pays for the sec's lawyers and staff? Yep, the defendent.

How long can a business defend itself and make it's case when you've got a government funded mob as your adversary. The sec's goal was basically to shut it all down and just bleed every dollar from the firm. That's why Tuco quickly dediced to just wave the white flag, cave into every sec demand and try to get trader's their money as quickly as possible. There is excess capital in the master accounts, but when the protector of the traders, the sec, is sucking your money away at the rate of >$100,000 a week, it's only so long before the god damn government would be the ones taking trader's money. Oh yeah and guess who pays for the court appointed reciever?

thank you lescor, i have been waiting for this post. i am so mad right now i can hardly type.

it is exactly as i said.... the SEC is a rogue organization now. their intent was never to help protect Tuco's "client's" as they tried to portray them.

this is actually a RICO violation and there should be a class action suit against the SEC. but i am sure they are insulated from legal action.

i was told they were going to do this in fall. i guess my sources were correct. it was never about Tuco, it was always about doing the bidding of their bosses... i.e. the big players. they hate competition.

and look... everyone got scared and now you have a shitload of firms getting registered along with individuals having to take the CFR's series 7.

 

[ratboy88]

Quote from 5Pillars:

A lot of what is in this post has always had me scratching my head with some of the SEC actions (if traders contribute to the LLC, then it is all their own money in ONE real big pot - not a bunch of separate pots. Only accounting creates the breakdown of each traders own separate activity/funds). The actual law seems to support the LLC model operations - the SEC might not like how all these llc's are operating, but they will have to make a change in the law or manipulate the "interpretation" of the law by a court.

it's not the SEC's function to decide if they like the law. they used some bogue aspects of the 34 exchange act.. i think sect 10 and 15 and tried to fit an LLC into it. they settled quickly because they knew they were wrong.... and as you can see from lescor's post there is almost zero chance anyone can defend themselves in court.

the SEC is a criminal organization period... and their cozy relationship with Goldman Sachs has my blood boiling. Gosh i wonder who set this all fking up?

the California Attorney General should have protected Tuco from this mob.

are you people starting to see why i like Ron Paul so much?

good thing i don't know Maverick right now..... i would hate to see his little snake face this morning.

 

[ratboy88]

Quote from lescor:


However the way the sec operates is kind of like the mob. They come in to your office, freeze all activity and then start their investigation. That involves their lawyers, accountants, computer staff, various assitants etc. They all work for the government, but guess what? Tuco was getting billed for all this. To the tune of about $2100/hour. Time in court, guess who pays for the sec's lawyers and staff? Yep, the defendent.

this is exactly how the IRS used to work.. guilty until proven guilty. they would come in and seize assets without due process. that is until James Traficant got the law changed.

guess where James Traficant is now? federal prison on fake charges and a corrupt judge not allowing evidence.

this country has gone to shit... and it is accelerating.

this is why we called it the Ron Paul Revolution. but kiss asses like maverick made fun. God i am so mad.

 

[5Pillars]

I agree with you and I am also a Ron Paul supporter - the SEC is used as a tool by higher ups in the exact same way the U.S. (and our military) is used like a tool by higher ups - for dishonorable actions. None of what has played out at Tuco suprised me at all - just all a part of the game run by corrupt entities.

 

[ratboy88]

Quote from 5Pillars:

I agree with you and I am also a Ron Paul supporter - the SEC is used as a tool by higher ups in the exact same way the U.S. (and our military) is used like a tool by higher ups - for dishonorable actions. None of what has played out at Tuco suprised me at all - just all a part of the game run by corrupt entities.

which explains why they don't do a thing about real crime like the illegal naked shorting.. cause that is being done by their real bosses.

 

[ratboy88]

so everyone gets all signed up ... all legal huh? then everyone all comes under the SEC's jurisdiction?

and then the SEC decides to pursue some other witch hunt... they could take everyone out over night.

 

[Steelhead]

Quote from ratboy88:

so everyone gets all signed up ... all legal huh? then everyone all comes under the SEC's jurisdiction?

and then the SEC decides to pursue some other witch hunt... they could take everyone out over night.

you knw what, that is the only reason I would consider not getting the 7. It does seem like a mob. It must all be about fees and positioning for their bosses I still dont understand why the heck they chose tuco to bury. with all the jasper cap.s and david glass's running around NY.....why would they choose san diego? I just dont get it..... anyways, what do you guys think of futures prop, whats a good split?

 

[ratboy88]

Quote from Steelhead:

you knw what, that is the only reason I would consider not getting the 7. It does seem like a mob. It must all be about fees and positioning for their bosses I still dont understand why the heck they chose tuco to bury. with all the jasper cap.s and david glass's running around NY.....why would they choose san diego? I just dont get it..... anyways, what do you guys think of futures prop, whats a good split?

did you call echo and see if the philly still grandfathers the 7 ? aren't they merging with the NASD... might want to hurry.

 

[Steelhead]

yes thanks I looked into it and its a no go... I really have no problem getting the 7 again, i dont see what the fuss is all about. except that Id be registered with the mob-- thats my concern

 

[ratboy88]

Quote from Steelhead:

yes thanks I looked into it and its a no go... I really have no problem getting the 7 again, i dont see what the fuss is all about. except that Id be registered with the mob-- thats my concern

so the philly stopped grandfathering the 7. how odd... i need to call the philly and ask them why... seems the syndicate got to them too. wow.. that sux.