hanging 7 63 and 55 at two different shops?

Discussion in 'Professional Trading' started by windward, Dec 22, 2003.

  1. windward


    I'm wondering if anyone knows or has experience with keeping their registration liscences at two broker/dealers? I'm a trader at one prop firm and want to also do some research sales at another small botique from my current trading office. Is this possible and will it jive with SEC etc. assuming both firms OK it?
  2. Ebo


    As long as there is full disclosure to both sponsoring firms.
    Both compliance officers must be in the loop.
    It has been done before.
  3. xtraderx


    depends on state and individual b/d's... the big problem comes inot play more on the nasd side; most staes ans b/d's wont allow you to be dual registered, particularly if you are being paid commisions from both...
    the answer ultimately will come from your compliance officer, so when you present it do it in a manner that doesnt spook them and clearly show there are no conflicts of interest.
    when i did it i presented my prop firm as more or less just a trading account, etc... your compliance person at your trading firm should be more understanding so clear it with them first and ultimately it will help if you have both co's talk to ease teh others concerns, it will be better from a fellow co.
    ive been through this before and succesfully did it so PM me if ou want to talk