I see that Title Trading has offices in Charlotte and Chicago. According to their website "As a principal trading firm, we do not have customers or investors; all of our traders trade firm capital."
Does that mean that traders don't put up a risk deposit? How does it work at Title? If so wouldn't they need to register as a bd? If not then does finra or sec even have jurisdiction?
Does that mean that traders don't put up a risk deposit? How does it work at Title? If so wouldn't they need to register as a bd? If not then does finra or sec even have jurisdiction?