When are the Penson brokers going to change clearing firm?

Discussion in 'Retail Brokers' started by innovest_11, Nov 17, 2011.

  1. I really hope Penson got bought out, or all related brokers change to other clearing firm, so that i can go back to my broker

    I thought most customer would leave their brokers because of Penson, yes? no?
  2. Don't hold your breath while waiting.

    Most brokerage firm customers don't even know what a clearing firm is and have never heard of Penson or any other clearing firm.

    Most IBs are with Penson because it was the best deal they could get and they won't get the same deal elsewhere.
  3. paulcai


    Penson has financial problems now?
  4. hey innovest, who is your broker?
  5. Penson has had financial probles for years and they have gotten worse in the last six months.
  6. they will leave when they can find a comparable alternative.

    everyone else i know who can come close to matching their rates has equally as bad problems.