Merging with Nasdaq, have to comply with rules now.
Don
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PDT Rule & Prop Firms
- Thread starter tito
- Start date
Merging with Nasdaq, have to comply with rules now.
Don
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?
WHAT THE FUCK
HOW IS THIS EVEN CONSTITUTIONAL??
THEY CHARGED TUCO WITH A "CRIME" AND THEN FORCED TUCO TO PAY THE LEGAL BILLS ON BOTH SIDES TO THE TUNE OF OVER 100K A WEEK!
IF TUCO DIDN'T CAPITULATE, SEC LAWYERS WOULD'VE CONFISCATED ALL THE TRADERS MONEY IN NO TIME
MAVERICK74 - HOW'S IT FEEL TO BLOW CHRISTOPER COCKS?
WTC7 WAS FORMER SEC HEADQUARTERS - 4000 CASES AGAINST INVESTMENT BANKS WERE CONVENIENTLY DESTROYED
Quote from ratboy88:
did you call echo and see if the philly still grandfathers the 7 ? aren't they merging with the NASD... might want to hurry.
http://www.phlx.com/exchange/rulefilings/2008/SR-2008-12.pdf
Listen to this garbage. That rule change (sr-phlx-2008-12) is stricly aimed at LLC day traders. WTF!!!!
And after reading that shit they give you an opportunity to comment on this by clicking on this link..
http://www.sec.gov/rules/sro/phlx.shtml
And they've seemed to have deleted it from a list of 50 other fuckin rules provided.
"Oh that rule..well we're really not taking comments on that one.."
GODDAMN IT!!!!!
Quote from Westward:
http://www.phlx.com/exchange/rulefilings/2008/SR-2008-12.pdf
Listen to this garbage. That rule change (sr-phlx-2008-12) is stricly aimed at LLC day traders. WTF!!!!
And after reading that shit they give you an opportunity to comment on this by clicking on this link..
http://www.sec.gov/rules/sro/phlx.shtml
And they've seemed to have deleted it from a list of 50 other fuckin rules provided.
"Oh that rule..well we're really not taking comments on that one.."
GODDAMN IT!!!!!
i'm not seeing the grandfather aspect in this rule change. what i do see is traders at LLC's targeted and floor members now trading off floor given special favor.
LOL LOL LOL... i guess the SEC will allow that.... is everyone in this business a criminal? it sure seems the exchanges are.
Quote from chewbacca:
WTC7 WAS FORMER SEC HEADQUARTERS - 4000 CASES AGAINST INVESTMENT BANKS WERE CONVENIENTLY DESTROYED
Yes the SEC was in WTC7 all right (don't forget all the ENRON court documents in WTC7 too) - http://www.wtc7.net/background.html
Hey, some were "feed" the WTC collapse story a bit TOO EARLY - LOL - http://www.wtc7.net/bbc.html
OOPS! :eek:
LOL LOL LOL... i remember the day that BBC story broke. Youtube did all they could to "pull it." thank god people kept copying the video and re posting it. one of the biggest blunders in the last 100 yrs and the mainstream media is still mum about the whole fiasco.
reporting a building's collapse before it happens... and the sheep still follow the judas goats.
reporting a building's collapse before it happens... and the sheep still follow the judas goats.
They were NOT the only news group on TV that reported WTC7 down before it happened - there were several others too (from the U.S. media). The ring masters must have been handing out the "talking points" a bit early that day.Quote from ratboy88:
LOL LOL LOL... i remember the day that BBC story broke. Youtube did all they could to "pull it." thank god people kept copying the video and re posting it. one of the biggest blunders in the last 100 yrs and the mainstream media is still mum about the whole fiasco.
reporting a building's collapse before it happens... and the sheep still follow the judas goats.
OOOPS! :eek:
So what will be the SEC's game plan now - is it true they have been calling other llc props the last few days?