What are the pros and cons of:

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

  1. Topper


    a prop firm that's not a registered B/D or registered CBSX?
  2. 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.