Are you talking about the guy who did the trading (James Cordier) or one of his clients?
All of the account positions were forced to be liquidated to cover the margin call. I believe the short puts were closed out a day after the...
Plus an additional $4 for clearing and execution fees (each way).
Nope
There were also additional charges for clearing and execution per trade of about $4.
It was per contract round trip. There were no management fees, but he reduced the $69 fee if you had more money in your account (reductions at...
Their fees were the $69 round trip.
Thanks, Illini Trader. I actually came to this site to get some information (some have been great) and to share my first-hand experience for...
They charged $69 round trip per transaction. Debit is approx $56,000 between 2 accounts.
Yes, thank you JSOP! You have been very helpful in so many ways.
The debit balances still exist - no money was contributed from the firm. The clients are still responsible to pay the entire balance. There is...
Certainly allowing naked calls is utterly irresponsible - I didn't think it was legal, but apparently it is legal to have naked options on futures...
All great questions. I have no idea. Definitely something I'll have to research. When we got the "catastrophic" notice on Wednesday, they still...
The latest.... OptionSellers.com Memo to Clients November 19, 2018 As you can imagine, our office has been overwhelmed with phone calls with a...
He made the same trades in every account. The only difference was the amount of margin each account held (higher margin for more conservative...
I need to research further how the Midland account relates to the second FC Stone one. I don’t think FC Stone has self-directed IRA’s so that was...
I will look again but I didn’t see anything like that. It do remember reading that I could lose principle, but that is always the case. I will...
Interesting. I certainly would prefer not to pay the debit amount. I just don’t want to risk the penalties and interest charges. What a friggen...
OptionSellers has none of my accounts. We had to set up the Midland account for the IRA, but we also have two account numbers at FC Stone. We got...
In his video, he said "hedge fund" but I don't believe that is true. He had POA to trade out of each individual account. As far as writing off...
Separate names with a comma.