if your a licensed trader series 7 or 56 their is usually a conflict of interest with having multiple accounts at another registered b/d prop firm all the regulatory changes in the past few years make if difficult to trade multiple accounts without being restricted if someone is licensed
I don't think there is a regulatory rule against dual registration. Both firms would have to agree and feel there is no conflict of interest. More importantly, both firms would have to include in the WSP how to monitor an individual that has dual registration. In practice, most WSPs say no dual registration because they don't want to deal with it. I could see a situation where I could be a described as "Business Development" for my firm and a Limited B partner at a prop firm like yours for "trading". The U4 will not get rejected. I just don't see firms doing it. Bob
There is no regulatory rule, the CBOE has no rule against it nor has any problem with it for license holders, they honestly didn't see that as impractical or uncommon either, I called them this morning. once again, the court of public opinion has the opposite consensus from the real authority