PDT Rule & Prop Firms

this is what i was referring to... sounds like the cboe may not be the answer for long.

oh wait.. thats a conspiracy theory. my bad. LMAOOOOOOOOO

 

As long as the SPX pit still has MM's on the floor, there is not a snowball's chance in hell they are going to require a 7. That lobby is more powerful then the Tobacco and NRA lobbys. Sorry Ratboy, it will be years before the CBOE requires a 7, if ever. The CBOE owns the licensing requirement for the SPX till 2012 I believe. Maybe longer.

 

i know you just can't comprehend what i said previously or you wouldn't keep making this stupid statement.

even you said things may change.... so get a clue mavril.

 

Yes asshole, things will "eventually" change. I never said next year. At some point when the floor is no more, the CBOE may very well require a 7, so yes, I said it might change. But it's not anytime soon. Go back to your myspace site kid.

 

When my firm becomes a NASDAQ member, what impact does this have on my firm’s registered representatives?
When a firm registers as a NASDAQ member, certain categories of registered persons at that firm must also be registered in CRD as meeting NASDAQ registration status.
• Series 4 (Options Principal)
• Series 6 (Limited Representative, Investment Company and Variable Contracts Products)
• Series 7 (General Securities Representative)
• Series 9/10 (General Securities Sales Supervisor)
• Series 11 (Assistant Representative Order Processing)
• Series 17 (United Kingdom - Limited General Securities Registered Representative)
• Series 24 (General Securities Principal)
• Series 26 (Limited Principal, Investment Company and Variable Contracts Products)
• Series 27 (Financial and Operations Principal)
• Series 28 (Introducing Broker/Dealer Financial and Operations Principal)
• Series 37/38 (Canada - Limited General Securities Registered Representative)
• Series 42 (Options Representative)
• Series 55 (Equity Trader) [Not required for Nasdaq members that are not FINRA members]
• Series 62 (Corporate Securities Representative)

 

so give us a link to these firms.. that would be a nice service to ET mav. i would appreciate it.

 

maverick probably knows what he's talking about on this issue since he is a prop firm owner...........but on all other issues he's clearly a chump........he's probably gonna vote for hillary

 

So i.e. there are exchanges out there that don't require a Series 7 to be considered a "professional" and as long as you and your firm are members of one of these exchanges then you are deemed a "proffessional" which means the 4-1 limitation on leverage will not apply to you and the firm can decide how much to give you. Can you name one of these exchanges? Thanks!

 

well.. i have never argued the 7 thing... my point is for practical purposes. if the sec doesnt require it but the exchange members do.. then what the hell difference does it make?

except for the cboe... which as of yet i have not seen one of these firms... why didnt he just help the guys out when they asked instead of some wussy excuse? is he trying to steer them into his firm?

if so.. then just admit it. i went on the cboe site just then.. i didn't see it... maybe i need to be a member first? LMAOOOOOOOOO...

i mean post the fckin link mav.

 

Never mind Mav, I now understand that CBOE is one of these exchanges though a list of few firms that give more than 10-1 would be nice.