Registered: Jul 2012
08-28-12 03:42 PM
Quote from Itrade2009:
Glad to see it all worked out. This is why you should stick with a registered BD. There will always be the "Madoff" situations but overall a regulated entity is better than these fly by night unregistered LLCs.
I totally agree with you. At first I was annoyed with the fees I had to pay (U-4 and U-5 filing, FBI background/fingerprint fee, CBOE filing, Series 56 test, etc), but because of all this, I at least had SRO oversight with the CBSX and the SEC to kinda watching my back (if you know what I mean).