Tradestation: Anyone who works in insurance is a Professional

Discussion in 'Retail Brokers' started by Actuarial_Fun, May 28, 2024.

  1. mervyn

    mervyn

    I think you probably filled out the inital form wrong and/or misread the questions, just check no boxes.
     
    #11     May 28, 2024
  2. Yes, I have accounts at IBKR, Ameritrade, Ninjatrader. As you say, it is not good for my health :). I did pull the money. I was pretty frustrated all day about this. Not good for my health, is not good for life happiness, and not good for trading. Better to move on for sure. Appreciate your comment.
     
    #12     May 28, 2024
    Lou Friedman likes this.
  3. maxinger

    maxinger

    Good mister.

    Anyway, it is good to have at least 2 accounts;
    We need a backup account.
     
    #13     May 28, 2024
    engineering and Actuarial_Fun like this.
  4. I honestly don't remember filling it out initially, like 9 months ago. I'm sure I did (probably required), just don't remember it. It looked like they were doing a review and then they wrote me and said "A review of your account has identified you as a registered broker or qualified with a securities or commodities regulatory, self-regulatory, or state agency. All registered brokers are to be classified as professional." I told them I was not and gave them the company I work for and my title and they said I was professional. IDK, makes no sense. I could have made a mistake initially. I doubt i would have, but certainly a possibility.
     
    #14     May 28, 2024
  5. Not starting an argument. I'm curious why it's a big deal? I had a difference with a broker and fuckin left.
     
    #15     May 28, 2024
    Actuarial_Fun likes this.
  6. Agree. I have moved the money out. I was just frustrated as it didn't make sense for me, but as you say, in such situations just leaving is the clear decision.
     
    #16     May 28, 2024
  7. zdreg

    zdreg

    By posting on ET other traders will benefit from your experience. There is no point reporting to SEC as firms can always interpret rules more strictly than the underlying regulation.
     
    Last edited: May 29, 2024
    #17     May 29, 2024
    Actuarial_Fun likes this.
  8. %%
    SEC mentions variable annuities in a pro context ;
    but sounds like really they hunted for an excuse to raise fees + found one.
    That female @ front desk State Farm had pro customer service;
    but i mean that i mean as compliment not SEC sense:caution::caution:
     
    #18     May 29, 2024
    Actuarial_Fun likes this.