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Maverick74

Registered: Mar 2002
Posts: 17314

01-11-12 04:10 PM

I had a meeting yesterday with someone here in Chicago and talked about the state of the JBO business. I am hearing that this year we are going to get strict enforcement of the payout rules. I've even heard the number 50% thrown around. Firms cannot and will not be allowed to give 100% payouts and the ceiling will most likely be 80% and could be as low as 50%. There will be no gimmicks or games allowed. There will be STRICT enforcement of this policy. It's getting a lot of discussion here. I just wanted to put this out there. I do not have any "inside" info regarding this so please don't ask. I'm just reporting what I am hearing.

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PARACLESE

Registered: Dec 2006
Posts: 428

01-11-12 04:58 PM

I heard this too. There is enough talk about this out there. its been out for a while. From what I hear its as good as done. and with it, so is the prop business in the US. I myself am just moving offshore. The prop biz is alive and well over the high seas.

I thought this was just for equities shops, will this be enforced by nfa cftc as well?

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EvOTrAdEr

Registered: Sep 2010
Posts: 249

01-11-12 05:34 PM

I'm not too worried. These idiots will regulate their way out of a job soon. They do some stupid 50/50 split & traders take their money overseas and they lose their precious licensing exam fees and their transaction taxes.

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EvOTrAdEr

Registered: Sep 2010
Posts: 249

01-11-12 05:35 PM

currently rule on options with CBOE is 99/1. Nothing clear on equities.

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Maverick74

Registered: Mar 2002
Posts: 17314

01-11-12 07:13 PM

Quote from EvOTrAdEr:

I'm not too worried. These idiots will regulate their way out of a job soon. They do some stupid 50/50 split & traders take their money overseas and they lose their precious licensing exam fees and their transaction taxes.

Nobody is going overseas to trade. Put that fantasy away now.

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Mvector

Registered: Oct 2010
Posts: 772

01-11-12 07:33 PM

Individual Futures Acct + great leverage + 60/40 rule + 100% payout = WIN!

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