Guys, I'm starting to notice a trend, many firms have been relocating or expanding their businesses to overseas affiliates to circumvent regulation. I thought I'd start a thread about this. Being a libertarian republican, I find the dodd-frank related regulation of private firms to have hurt the business and jobs. All the firms moving to canada, israel, caymen, etc. will now be pumping money and hiring employees (not trader accounts, I mean risk managers, sales staff, etc) outside of the country. Just figured I'd start a discussion considering we'll now get the "DON'T TRUST ANY OVERSEAS TRADING FIRM, IT'S ALL A SCAM"....I feel like it's more like "DON'T TRUST ANY REGULATION, IT'S ALL A SCAM" There are pros and cons for traders: PROS - lower commission rates, no bullshit licensing fees or invasion of privacy, no fingerprinting, no finra transaction fees. CONS - less over-site, capital allocation is not as strict and there is no public filings.