Prop Trading Firms - Note On Threatening Regulatory Developments

gam1111 · Nov 9, 2006

"Sub-LLCs of Andover went out of business"

gam1111 · Nov 9, 2006

Large companies such as RBC Capital that purchased other financial companies that had prop trading didn't want anything to do with prop trading

gam1111 · Nov 9, 2006

Would a day trader's deposit at a prop firm be subject to SIPC

protection (up to $100,000 Cash)?

gam1111 · Nov 9, 2006

"If regulator examined company and they had sound books and money in accounts but NASD clamped down on leverage and now required 4:1 Greentrader thinks NASD would oversee shut down"

gam1111 · Nov 9, 2006

If shaky outfit and already bankrupt or out of money Hedge Fund, or pyrimed scheme, depositors may be out of luck

gam1111 · Nov 9, 2006

Can do a search on:

Worldco LLC

or Harbor Securities

gam1111 · Nov 9, 2006

Do due dilligence:
licensed Broker Dealers that are not sub LLCs, that are members of regulatory bodies are good firms

About 6 major firms right now

gam1111 · Nov 9, 2006

"Proprietary day trading firms can adapt to new regulations (4:1)if enforced like Bright Trading".

They don't necessarily have to go out of business.

There are other options.

gam1111 · Nov 9, 2006

Ms. Cohen of NASD , downtown NYC office is handling this matter.

Greentrader"
"Haven't heard anything from her in recent few weeks."

Don Bright · Nov 9, 2006

Thanks for letting me know about Bob's chat...I guess I missed the memo, LOL.

If anyone has questions, feel free to PM me or email to: don@stocktrading.com

Maverick and I may have a Prop trading info chat in the near future as well. Trying to keep all this as "real" as possible.

All the best,

Don