It looks like the big guys aren't feeling a need to sell much yet. The current default is everyone being in wait & see mode. Volumes are light.
It sounds like you're at a good stage of your life to give it a shot. If you don't have $30,000 ready to go, joining a prop firm would probably...
I don't think people need to actually use stop market orders if they don't want to, but the principle of stops is a good one = having a plan for...
You should just disclose it. If for some reason they might misconstrue the activities you're doing, you could name the LLC in a way that suggests...
I also observed some strategies stop working as well in the fall 2011 too. The default action when there's mostly just HFTs trading stocks back...
Keep in mind we've been in a bull market the last few years (and an extremely strong one at times). When a bull market switches to an actual bear...
12 months is a pretty short time to become good at anything. You might want to stick with it longer. There can be a lot easier market conditions...
"Cheat" is a strong word there. But Section 9(a)(2) of the 1934 Act does prohibit "raising or depressing the price of [a] security, for the...
Generally the issues start arising if you're getting compensated for trading other accounts and are doing it as a business.
I think the main thing to recognize is that orders from professional prop traders are generally not "customer" orders (because prop traders are...
If you have a chunk of free time you could look at each broker's Rule 606 reports and then once you know the execution venues you could compare...
Not quite everything is there. The SEC later created a separate de minimis exemption and provided a lot more details (and some modifications). See...
If your firm doesn't have any customer accounts then you would have fewer than 501 customer orders each month so would be exempt from the rule.
Yeah good advice. There are definitely no 'one-size-fits-all' solutions out there. Look for a stock screening program that you can use to find the...
Also, not all states have harmonized their rules with the SEC family office stuff so you need to carefully check the statute and regulations in...
Those firms might have had fewer than 500 customer orders in the month so the rule wouldn't apply under the de minimis exemption. Traders at prop...
IB probably originally came up with 15 a while ago based on the SEC's private adviser exemption. But the Dodd-Frank Act eliminated this exemption.
Also, if you're using a retail broker then you might get your full order filled at 49.998 or 49.999 if a market maker takes the other side of your...
As far as I know, Wang Investments only took over Sogotrade (in 2011), which had previously functioned as a separate division of Genesis just...
Genesis was recently expelled from FINRA and its CEO has been barred from the industry. They violated the 1934 Act and many FINRA rules by...
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