Working full time + Prop trader

Discussion in 'Prop Firms' started by mmrc, Jul 12, 2011.

  1. mmrc


    I am currently working fulltime at a respectable employer. I was filling out prop paper work to trade remotely and someone at the firm i am looking at mentioned that i cannot work full time elsewhere if i apply for a prop account.

    Is that true? If anything for the time being i will be doing parttime as a trader and full time on my day job (being on west coast is useful in that perspective).

    Anybody got insights?
  2. rmorse

    rmorse ET Sponsor

    If you are an employee or member of a broker dealer, they can regulate your outside activities. So working at other jobs is not an SEC rule, it's a policy of that prop firm. Find one that will list that job on your U4 but allow the other job.
  3. mmrc


    Thanks rmorse.

    Yes; this seems to be a requirement for that particular firm (coastal). I have already talked to a couple of firms that dont have this requirement.
  4. mmrc


    thanks rmorse.

    Yes. it seems to be specific to this firm (coastal). I have already talked to a couple of other firms who dont have that requirement.
  5. I work full time and trade full time.
  6. i work fulltime