Proposed NFA Capital Requirement

Quote from PreCap:

I said it at the end of the first paragraph I wrote, if you paid attention... I didn't think it needed clarification... Did I really sound like I was panicing or something:confused:
lets move on my friend, im not here to debate.
 
Quote from operator:

Looks like I was wrong. No stops and limit orders starting May 16th.:eek: :confused: :mad:

Hmmm...So I guess my account manager doesn't sound like a fool to you anymore....:eek: :p
 
Quote from PreCap:

Hmmm...So I guess my account manager doesn't sound like a fool anymore:eek: :p

I dont' have a probably admitting when I'm wrong. But looks like I just have to move over to the London branch. Probably better off anyway because accounts are segregated.
 
Where did you end up hearing about it on your end? When I was calling arround last Thursday I was still getting two different answers...
 
Quote from PreCap:

Where did you end up hearing about it on your end? When I was calling arround last Thursday I was still getting two different answers...

Yeah, it's still a little foggy. I have my sales guy working on it and a contact at the NFA looking into as well. I'll keep ET posted.
 
Quote from operator:

Yeah, it's still a little foggy. I have my sales guy working on it and a contact at the NFA looking into as well. I'll keep ET posted.

Calling the NFA right now...
 
Strangely, the NFA information line doesn't have any information, one way or the other, until the ruling...So someone there is sending me an email to see if they have any public documentation on the subject...I'll post what they send me...
 
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