Series 7 Retail Broker and Prop Trader

V

VinMan

I know it takes dual registration to be a FINRA Registered Rep and also a CBSX Prop Trader but is there another way a Series 7 Rep aty a FINRA firm trade without being retail?

Would it be best to trade through a none CBSX firm and simply disclose this to the FINRA firm and provide trade reports?
 
Almost no Broker Dealer allows dual registration. They both have to have procedures in the WSP to cover how to do this and would both have to agree there is no conflict. They would likely have to be related firms to do this. (EG Same beneficial owner but one BD does sales the other trades)
 
So I guess if no one is willing the only option is non-CBSX with full disclosure and trade reports to the retail firm. I guess that's like having a Scottrade account with more leverage.
 
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