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ThSeeker

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ThSeeker

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Re: GeorgiePorgie post# 4926

Monday, 07/21/2008 11:19:33 AM

Monday, July 21, 2008 11:19:33 AM

Post# of 16405
Can't seem to nail anyone down on this issue.
Paper trade is what they are doing now. Not trading money.
Just practicing.

For me In-house trading is using real 141 funds they raised selling stock or some other method. They can do that without NFA approval correct? Trade their own real money? Or do you see funds raised like that as client money also? I don't think so.

Trading Client money needs NFA approval. We are waiting for.


So the delay for training inhouse is not a NFA issue and must be other issues. such as getting fully setup and getting funded. The SWARM litigation must of been the original issue but now they will use other programs for this trading.

It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.

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