Harbor Securities

Discussion in 'Prop Firms' started by kevink00, Aug 26, 2001.

  1. tradex21


    Anybody who posts any type of deposit with these firms should realize they only have about a 50/50 chance of getting it back. Almost all of them are Titanic's getting ready to hit an iceberg. You are going to see about 30 to 50 more head for the great trading pit in the sky in the next 6 months. Wake up kiddies, these new regs weren't designed to keep these places in business, only to put them out of business.:cool:
    #11     Sep 6, 2001
  2. jem


    What new regs are designed to put these "professional shops are of business"?
    #12     Sep 10, 2001
  3. Fletch


    How do you figure a 50/50 chance? I count one company that went under and 30-50 that are still in business. I guess there could be a few more that went under but that's not anywhere near 50%. I would think the risk of being in a hedge fund is much higher.

    Since Harbor Securities went under the SEC has tightened their controls and regularly audits the LLCs. It appears that Harbor was a business that had very little... if any type of risk control.

    #13     Sep 10, 2001