Prop trader question

Discussion in 'Professional Trading' started by NY_HOOD, Jul 27, 2008.

  1. if i take my 77 and 55 and am sponsored by a firm,can i leave that firm to go to another and still keep my license?
    do i have to stay at the sponser firm for any length of time?
    does the IRS have more details about my trading when licensed opposed to NOT being licensed?
    if i eventually decide to go retail when i am licensed,do i pay schwab or tradstaion more in fee's? how much more?
  2. Surdo


    a. yes, it stays active for 2 years after leaving.
    b. no,no
    c.yes, if you tell them you are licensed, no if you "forget to"!
    Professional exchange fees are a bit more, for NYSE/NASDAQ look it up on here.