Prop Trading Firms - Note On Threatening Regulatory Developments

You knew it was just a matter of time until the regulators would want to protect people who deposit $25,000 into an LLC, have unlimited leverage, and eventually blow themselves up.

Over the past few years there have been thousands of traders "blowing out" of these retail shops disguised as prop firms.

Obviously, some are "okay", but when the NASD starts to get complaints, they gotta act.
 
Excellent Commentary
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Yeah....they also need to keep people from hurting themselves financially when they try any entrepreneurial endeavor...such as restaurants etc...
 
There will be some loophole that gets exploited if anything goes down. Like a firm could require attending a related company that charges $4000 in "training fees." When the trader loses $4000 of firm money, a refresher course would be required before trading "firm" money again. HLV, I think, runs something similar where you put down $600.
 
Ya most legit firms that have been in the game a long time and are still in the game have so much money they will definately find ways around any new rules imposed on them.
 
Quote from libertad:

Excellent Commentary
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Yeah....they also need to keep people from hurting themselves financially when they try any entrepreneurial endeavor...such as restaurants etc...
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The United States of America- Land of the Free?????

For this election in Novemeber, I think I'm just going to vote for anyone who is NOT in office.

or maybe I'll move to another country, people did that about 250 years ago and it worked for awhile :)
 
the self- regulated don't tend to look kindly on those not in the group. Be it lawyers, doctors or investment banks. Exclusivity protects their bottom lines.
 
Quote from libertad:

Yeah....they also need to keep people from hurting themselves financially when they try any entrepreneurial endeavor...such as restaurants etc...
More...
I couldn't agree more! I think we need government regulation for anyone who wants to put more than $25K into any business venture or investment. I think all of those who buy homes worth more than $25K should be regulated. Maybe they should have to get some sort of real estate license and should not be allowed to buy a home for more than 4X their down payment. We definitely need to protect the sheeple from themselves. I've heard rumblings that when you walk into a casino that you may need to get licensed and regulated ... I think that would be a great idea! I've heard that similar regulations may be adopted for those that have credit card limits that exceed $25K!:D
 
Wow, this sounds like a pretty big deal. I'm surprised Don hasn't responded to this. He must have some insider info on this news...
 
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