I didnât use the words âworst caseâ I was simply saying since we only have one example of anyone ever losing any of their deposit in a...
In my opinion, it is highly unlikely that Penson will go under in a way that would cause customers to lose their deposits. But just in case I...
I have no idea what we need to do to qualify our excess funds in the securities side being included with SIPC, but I would assume if you do a few...
The assumption here is that a customer opens an account with a broker (IB, thinkorswim, or any other that allows both securities and futures...
IB-AN, I understand what you are saying by giving the choice of where excess cash goes to the customer. Can you address what the lawyer at the...
Did IB post anything more on this?
Interactive Brokers itself has said they have stopped the automatic sweeps from accounts and changed their website, and the other members on that...
Not anymore. http://www.elitetrader.com/vb/showthread.php?s=&threadid=233565
As an FYI, thinkorswim/TDA has a choice that you can have your cash be in an FDIC covered account. I would recommend anyone with them choose that...
Well, I just talked to an attorney at the SIPC, and while not able to give me any specifics, she did say that a trustee in charge of a brokerage...
Wow, nothing like be a fanboy who canât think for himself. âIf IB does anything ever, it has to be because they were forced to do it and...
I stated this once already, but here it is again. TD Ameritrade/TOS which uses Penson for futures has not stopped their auto sweeps out of the...
Why is everyone assuming that the SIPC suddenly told IB they could not do it but they have not told TD Ameritrade anything?
I just sent an email to thinkorswim, and they stated that they continue to auto sweep excess funds from your Penson futures account back to your...
No offense but anyone using TOS and claiming to be a professional trader would have already set their quotes to real time and allocated more...
Couple points: PM margin per the OCC is not that hard to figure out or anticipate if you know what you are doing; figuring out IBs margin on top...
The âprocessâ is brokers at the firm throwing in orders as fast as they can because the firm is panicking. It will be neither efficient nor...
They will tell you that they normally donât, which is true, and as opposed to IB which does it all the time. However, TOS will and does auto...
Knowing what your margin requirement will be is important, so you have to bug your broker as much as possible to find out what exactly their rules...
Knowing what your TIMS requirement will be is no big deal if you understand options and are already modeling your risk based on the current vol...
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