would this be technically legal in the eyes of the SEC

S

Sky123987

Are the following 2 ways legal in the eyes of the SEC.


1)You have a large account at a retail brokerage, you hire traders to trade the firms capital with zero capital contribution. You charge a markup on commissions.


2)You have a large account at a retail brokerage, you hire traders to trade the firms capital with zero capital contribution. You DO NOT charge a markup on commissions, and take a percentage of profits.


Thanks
 
if you have that big of an account, you would probably just set up directly with a clearing firm. yes it is legal.
 
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