Scottrade says: I'm a 17b Daytrader

Discussion in 'Professional Trading' started by bat1, Nov 20, 2010.

  1. bat1


    OK, so what!

    So is there any advantage being a 17b, Daytrader?

    with Taxes?

    can I start a home business? tax writeoffs?

    what's the good and bad of being a 17b?

    in advance
  2. the1


    you may not know this but what they are referring to is fraudulent trading activities. Section 17 of the United States Code covers Fraudulent Interstate Transactions, which reads:

    Use of interstate commerce for purpose of offering for sale

    It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof.
  3. he's are in deep shit most likely.

    not sure what you have been doing but you may want to contact a defense attorney
  4. Phucking pWn3d!!!11
  5. bat1


    it's a scottrade code

    for daytrading.......i got over 100k

    in my account and I'm up over 40 % for the yr...

    what are you guys talking about???
  6. You have become another statistic!


  7. LOL @ the OP being so clueless.

    You are seriously fucked. I'm assuming you have some sort of website or own some sort of advertisement firm, and you're not disclosing payment for investor relations.

    My advice to u is get an attorney !
  8. lol what a clown
  9. TraDaToR


  10. I was thinking shoe size
    #10     Nov 22, 2010