Tuco Update

Discussion in 'Prop Firms' started by Daal, Jun 5, 2009.

  1. Daal


    "At this time, we estimate that the final distribution will be processed in August. " "We estimate that the final distribution will be 20 - 35% of the original equity balance of your account."

    If I'm reading this right, the final return to Tuco clients will be in the range 60-80c on the dollar, the final number will depend on whether Thom Lennon needs a new suit and things of that sort
  2. That is what happens if you get involved with a shady Unregistered firm.
  3. timcar


    Yet another idiot that thinks Tuco’s downfall was being “Unregistered”. The SEC does not go after Prop firms just because they are “Unregistered”. SEC goes after only when someone complains traders money is not being properly accounted for.

    Name another firm SEC closed down due to being just “Unregistered”.
  4. Here is something to think about:

    The Banks and their employees

    Rating firms and their employees

    The largest IBs and their employees

    Are directly responsible for losing trillions and not
    one prosecution.
  5. That's because they're part of the system that helps manipulate the market and rapes the rest of the public.