Has anybody had recent experience with Lek securities? I'd appreciate any info. I've seen some feed back from '06, just wondering if anybody has recent experience.
I think they only have broker dealers as clients. Sam Lek has been in business for a long time. Good guy, tough business man. Wears a bow tie. Self clearing, not sure how much capital he has.
AUG 2011 Focus report. https://vip3.leksecurities.com/CustomerAccountReports/LscFinancials/FOCUS_Report_AUG_2011.pdf
Thank you for replying. I looked through that focus report. My accounting is rusty but it looks OK. Are you a customer?
No, I work for an Introducing Broker. We don't do business with Lek. Lek a small well run firm that deals mostly with prop firms. We are not a prop firm.I'm not great at reading these either. Looks like their capital is around $12MM. That makes them very small for a clearance firm. What were you hoping to do with them? Are you joining a prop firm that clears them?
I'm thinking of joining them as a customer. My other choice is Vision. I've heard too many rumors about Penson so I'm looking for a straight customer account at a good firm with financially stable clearing.