llc model no more for props

Discussion in 'Prop Firms' started by darren, Mar 18, 2008.

  1. shneed

    shneed

    american
     
    #11     Mar 19, 2008
  2. darren

    darren

    I am in the US as well
     
    #12     Mar 19, 2008
  3. what about Light Speed?
     
    #13     Mar 19, 2008
  4. I hope so too ! I really don't want to have to go through the trouble of getting my series 7
     
    #14     Mar 19, 2008
  5. Looks like the SEC is making more "inquiries" into LLC's.
    It was confirmed tonight by a friend of mine who runs a shop in the LLC sub-account model and the person from the SEC said that they might want to check with their attorney before answering any questions because the information "could be used against them."

    Sad, but true.
     
    #15     Mar 19, 2008
  6. Wiesman02 in your particular situation getting the series 7 license would probably be advantageous. You were already registered with FINRA and the series 7 test is not extremely hard. You have to study for it and take a lot of practice test, but its definately doable. Remember you only need to pass it, not get a good score.

    The way things are going in the prop world with the SEC, it might be to your advantage to start studying for it now.
     
    #16     Mar 20, 2008
  7. I'm familiar with it. I have my series 6 and 63. Its a pain in the butt, but I might have to. We'll see how things go.
     
    #17     Mar 20, 2008