pistolpt
Registered: Feb 2012
Posts: 129 |
07-16-12 08:13 PM
Quote from Stok:
You can manage < 15 clients and you do not hang yourself out as an advisor, you do not need to register or the 3 (also check State laws). If over 15 clients, then you need a 3 and NFA registration with DD.
This is what IB's Friends & Family is for.
Ya that's what I am running now.
Another problem I had is that some sub-accounts aren't even large enough to hold one contract. If the margin for 1 futures contract $8,000 and you have $5,000 in one sub-account, they can't even participate. Sucks.
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