King Financial/Self-Clearing

Discussion in 'Retail Brokers' started by hedge1, Dec 6, 2003.

  1. hedge1


    Is anyone familiar with King Financial? From what I can gather, they are a self-clearing firm who previously cleared for Heartland Securities. It appears King has offices in NJ (Englewood Cliffs, Jersey City and Old Bridge) and NY (Midtown).

    Would be interested in hearing opinions on the firm. It seems they may have been the legacy platform for DATEK and Heartland.

    Met with them this week and the firm supposedly has a robust clearing platform (able to process 600,000 to 2MM shares per day) and is focusing on "black box" business.

    Appreciate any further info/background on King Financial Services.

  2. These guys are the biggest bullshiters in the world...they chase buss...from black box to group leaders who have prop traders under them to indivdual traders .....and they promise them the world..and when it comes time to sign a contract they give you something so bogus and not even remotely what you spoke about. Absolutely NO bussiness ethics. PM me if you would like to know details about my long and torturous experiece with them.