Tradestation: Anyone who works in insurance is a Professional

There are hundreds of brokers in this world.

It is not good for your health to try to argue about the
professional title.


Have you tried other brokers?

Yes, I have accounts at IBKR, Ameritrade, Ninjatrader. As you say, it is not good for my health :). I did pull the money. I was pretty frustrated all day about this. Not good for my health, is not good for life happiness, and not good for trading. Better to move on for sure. Appreciate your comment.
 
Yes, I have accounts at IBKR, Ameritrade, Ninjatrader. As you say, it is not good for my health :). I did pull the money. I was pretty frustrated all day about this. Not good for my health, is not good for life happiness, and not good for trading. Better to move on for sure. Appreciate your comment.

Good mister.

Anyway, it is good to have at least 2 accounts;
We need a backup account.
 
I think you probably filled out the inital form wrong and/or misread the questions, just check no boxes.

I honestly don't remember filling it out initially, like 9 months ago. I'm sure I did (probably required), just don't remember it. It looked like they were doing a review and then they wrote me and said "A review of your account has identified you as a registered broker or qualified with a securities or commodities regulatory, self-regulatory, or state agency. All registered brokers are to be classified as professional." I told them I was not and gave them the company I work for and my title and they said I was professional. IDK, makes no sense. I could have made a mistake initially. I doubt i would have, but certainly a possibility.
 
Not starting an argument. I'm curious why it's a big deal? I had a difference with a broker and fuckin left.

Agree. I have moved the money out. I was just frustrated as it didn't make sense for me, but as you say, in such situations just leaving is the clear decision.
 
Agree. I have moved the money out. I was just frustrated as it didn't make sense for me, but as you say, in such situations just leaving is the clear decision.
By posting on ET other traders will benefit from your experience. There is no point reporting to SEC as firms can always interpret rules more strictly than the underlying regulation.
 
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No, I don't hold any insurance licenses. I am an actuary and certainly have never worked with financial securities. This is from their email, "A review of your account has identified you as a registered broker or qualified with a securities or commodities regulatory, self-regulatory, or state agency. All registered brokers are to be classified as professional."

I explained that I am not a professional and gave them my company name and my title. They said I was a professional. Just makes no sense to me.
%%
SEC mentions variable annuities in a pro context ;
but sounds like really they hunted for an excuse to raise fees + found one.
That female @ front desk State Farm had pro customer service;
but i mean that i mean as compliment not SEC sense:caution::caution:
 
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