I spoke with a firm located in Jersey City about a prop position. They are no deposit nor any of that education fee crap. They fund you. You get a draw (bi-weekly) against profits and those profits are paid out every quarter. Gross split starts at 50/50 with 250k bp and more is allocated depending on your numbers. They are not CBSX or FINRA as of yet, you trade their fund, ala Bear Fund or T3 Cap. Is there something I'm missing here? Does this setup sound legit? I don't want to drag my ass over to JC if it's just going to be a waste of my time.