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sdtrader
 

Registered: May 2002
Posts: 349

 

04-13-08 07:18 PM

The only reason you PM'd me was to try and get scoop on what happened b/w a couple people. A PM you would have to be insanely stupid if you thought I was going to reply to.

I used to trade at Van Buren Securities, Echo Trade, Andover/Assent, Evolution and Tuco. So yes, its no secret that I am pissed off at the little piss ant who complained to the SEC and screwed MANY people out of their money and livelihood for shit and giggles. But no, I have not been with Tuco for almost 8 months and have no vested interest personally.

The only other reason was to tell me how many other platforms PROP traders trade on and pimp Anvil to me as being the best.

Once again- you have NO REASON to be on these threads preaching to people about losing their money.

Seriously- get lost.

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ratboy88
 

Registered: Dec 2003
Posts: 6163

 

04-13-08 07:21 PM


Quote from monstercat:


"Tuco provided traders with trading capability not permitted at registered broker-dealers," said Linda Chatman Thomsen, Director of the SEC's Division of Enforcement. "This case warns investors that the additional trading capability comes at a steep price — the safety of their money."



LMAOOOOOOOOOOOOOO the safety of their money? from what... THE STEAK FAJITAS PLATTER from the receiver's office lunch parties?

monsterdumbass.. i can't believe you cited that.

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Steelhead
 

Registered: Jan 2004
Posts: 1232

 

04-13-08 07:22 PM


Quote from sdtrader:

- Assent could close up shop tomorrow and your S7 wouldn't help you in the least. You could still lose all your money.



are you sure about that? isnt assent sipc insured

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sdtrader
 

Registered: May 2002
Posts: 349

 

04-13-08 07:26 PM

Good point Steelhead- looks like they are. Was just throwing around another prop firm that came to mind since WorldCo.

How are things?

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ratboy88
 

Registered: Dec 2003
Posts: 6163

 

04-13-08 07:28 PM


Quote from Steelhead:

are you sure about that? isnt assent sipc insured



that wouldn't protect you from the SEC and an appointed receiver.

doesn't assent require a 12 months holding period of deposits? not blaming assent for this.. it is probably another made up rule by the SEC.

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saico
 

Registered: Sep 2000
Posts: 441

 

04-13-08 07:32 PM

Hedge, rat,

I'm also affected by the whole Tuco story. But we just have to admit, that Tuco and many others clearly violated laws. It doesn't matter these rules make sense, or not. Unfortunately there is no way to get around this fact.

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