Wohl of Wall Street: high school hedge fund manager


So we agree. This boy considers trading like Poker, with a $500 minimum stack.
It doesn't shock me.
20 years ago, it was impossible to make money in Texas Hold Em with $500.
Now it is possible.
I think it is the same with electronic trading. Transactions costs and barriers to entry are close to ZERO. But as electronic Poker, less than 1% could succeed.

Chris Mac
 
Well that didn't take long:

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https://www.nfa.futures.org/basicnet/Case.aspx?entityid=0492753&case=16BCC00011&contrib=NFA
http://www.valuewalk.com/2016/08/jacob-wohl/
 
New development in this matter.

http://www.nfa.futures.org/news/newsRel.asp?ArticleID=4800

For Immediate Release
March 02, 2017

NFA bars Los Angeles, Calif. commodity trading advisor Nex Capital Management LLC and its principal, Jacob Wohl, from membership

March 2, Chicago—National Futures Association (NFA) has permanently barred Los Angeles, Calif. commodity trading advisor Nex Capital Management LLC (Nex Capital) and its sole principal and associated person, Jacob Wohl, from membership and from acting as a principal of an NFA Member.

The Decision, issued by an NFA Hearing Panel, is based on a Complaint authorized by NFA's Business Conduct Committee (BCC) on August 19, 2016. The Hearing Panel found that Nex Capital and Wohl willfully failed to cooperate with NFA by refusing to submit to an examination of Nex Capital. Such conduct on the part of Nex Capital and Wohl strikes at the heart of NFA's examination function, which depends upon the full cooperation of NFA Members in order to operate effectively.

The complete text of the Complaint and Decision can be viewed on NFA's website.
 
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