What are the pros and cons of:

Discussion in 'Prop Firms' started by Topper, Nov 1, 2010.

  1. Topper

    Topper

    a prop firm that's not a registered B/D or registered CBSX?
     
    #1     Nov 1, 2010
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  2. bpcnabe

    bpcnabe

    pros: if they take a deposit to trade (which is illegal) then there is not a lockup of funds like there is w/a CBSX firm

    cons: see the numerous threads about Olver Velez, Charles Vaccarro, and their various incarnations. Also research Tuco Trading from Spring '08.
     
    #2     Nov 1, 2010
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