Registered: Sep 2012
09-18-12 04:24 PM
I setup a brand new LLC for trading my own account, however I have learned that that Dodd-Frank 50:1 requirement also applies to LLC's.
Will a C Corperation work for smaller margin reqirements? How did you get around 50:1? Any stupid requirements, such as min capital, or will any C Corperation work? Someone from Citi and FXCM gave me a list of requirements-it looks like it will be easy to find a reason (investment company).
50:1 isn't the end of the world, but I would opt to not have unessessary capital tied up in broker accounts.
Thanks for all your help with my stupid question.