Keeping accounts open whilst employed by a broker dealer

Discussion in 'Professional Trading' started by mokwit, Jan 31, 2006.

  1. mokwit

    mokwit

    Christmas is over and the headhunters have been calling.

    Is there any way that an account with a broker other than the one employing you can be kept open within the spirit and the letter of US law/regs. I am interested in US law as this would be the "most strict" and thus the one I would technically be bound by. e.g can you keep accounts open if they are 100% in cash not traded?. I have previusly opened accounts with employing broker as required but wonder about the necessity to close others

    Last time I came out of employment I lost 2 weeks of a vertical move while the account paperwork was done and I have an account with the institutional side of a broker that could now be difficult to re-open.

    Appreciate any direct experience on this.

    P.S still happy trading but I switch between the two depending on what offers are out there.