Need Advice

Discussion in 'Retail Brokers' started by muckbucket99, Dec 22, 2012.

  1. Wife works in operations at a large bulge bracket. She and her associated people (me) are subject to those stupid 30-day holding period, approval for each trade rules. She gets no valuable information anyways. I'm a professional trader at a small prop shop. I have certain strategies in mind which I learnt over the years and would like to apply them to equities in my personal portfolio. The owner of my firm is cool with it as it doesn't interfere with my work but I see a potential problem with wife's employer. i'm looking to open an account with IB in my name only. Do big banks query large brokerages with a list of SSNs to see if anyone has opened an account? What is the likelihood of her getting in trouble? I don't mean to screw her over but it's a stupid rule for someone in her position and it sucks that it gets enforced on me as well. I'm a quant trader and would like to earn better returns on our capital by applying what I know.