To Ackman's credit, at least in his letter to shareholders he admits it was a "costly mistake." From Pershing's letter to shareholders, dated...
Exactly. And it looks like turds will be turds. VRX gapping down 19%. Bill Ackman's "thesis" is WRONG, and so was mine. Fortunately I had...
The caller starts around the 18 min mark and it lasts about 10 minutes. Some interesting comments by Tom, in a nutshell: * The documents (i.e....
...and that was AFTER "Investor A" realized a loss of $30 mil in his capital account!
Thanks to F_488's review of the videos, that appears to be the case. The SEC complaint doesn't specify the exact date when "Mr. Big" joined,...
Anyone trading this turd for earnings? It's down 90% from the top and trading in a sideways consolidation phase from the last report. I bought...
When you download the fact sheet from State Street regarding SPY, it has the following disclaimer: "Frequent trading of ETFs could significantly...
Ya, I saw that, however when you plot the price on Yahoo finance, it shows TNA outperformed over 5 years (add TNA under the Comparison tab to see...
This is good to know. Just as Maverick said, she took some educational courses and then decided she would be a great manager, so that doesn't...
The complaint is vague except for the references made regarding mystical "Investor A" who isn't named. Complaint at paragraph 16: "In 2008,...
This is a key piece of the puzzle. The SEC is after the "ill-gotten gains" she allegedly made with the "Scheme Trades." If we assume what was...
"it would represent just 1% of what they collected in total during 2015." Sorry, my bad. It's not 1%, it's more like ONE TENTH of ONE PERCENT!...
As much as I'd like to agree with you, if you review the 2015 enforcement results (see link below), Karen is not such a large fish when compared...
TD Ameritrade Canada doesn't mention the PDT rule on their site, however it's probably because it assumes you're only trading stocks listed in...
No thanks, I'll stick with Lucky Karen's Sleight Of Hand Capital. :wtf:
Looks like whoever wrote the FAQ's at IB overlooked the obvious contradiction, lol! It's definitely unclear from those two answers. I checked...
The PDT rule is a FINRA rule, so it will apply to broker/dealers who are subject to FINRA regulations. SpeedTrader is a U.S. based broker/dealer,...
"Loopholes" and "money laundering" are quite different. One is savvy, the other is illegal.
You can read the rules regarding FBAR here:...
Remember, SureTrader is offshore (Bahamas) and if you're a U.S. citizen they will ask for the standard information for identification purposes and...
Separate names with a comma.