rules and regulations question

[sweet&tasty]

What right does a prop firm have to your account once you leave that firm. Can they just use that account as they see fit if you no longer trade with them even though its in your name and you were the one that signed the contracts for that account?

Would the rules concerning this be different for a firm like Bright or Tuco where the trade puts his own money into the account compared to firms like Swifttrade or Title where the company funds the accounts?

 

[sweet&tasty]

HaHa...nevermind....i didnt see that they did post my original thread.....I posted it and i got a message saying my account wasnt activated yet...they must have posted it as soon as my account was activated

 

[Don Bright]

Quote from sweet&tasty:

What right does a prop firm have to your account once you leave that firm. Can they just use that account as they see fit if you no longer trade with them even though its in your name and you were the one that signed the contracts for that account?

Would the rules concerning this be different for a firm like Bright or Tuco where the trade puts his own money into the account compared to firms like Swifttrade or Title where the company funds the accounts?

FYI, all of our traders are trading our account, each with a "sub-account" with their acronym. This is how they're allowed to use our capital to trade with. We don't get involved unless there is a risk concern.

Don