Flatiron isn't a broker, they are a Tuco style trading group. And they are an LLC that has an account through another LLC trading group who has an account with a BD. So they don't even have their own account at a BD, it is a sub-account of another trading LLC. Your money must really be safe in that type of setup. Have the traders from Tuco even got all their money back yet?
No Flat Iron is not a broker-dealer, they are an LLC of WTS who is NOW a Broker Dealer. So yes they do have an account with WTS. Yes my money is safe as it is held with WTS which is now a BD. As of recent, I have heard Flat Iron is not taking on any traders at this time until WTS paperwork is completed on their end. Amazing how people jump to predictions without doing any research. You are completely wrong.