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Re: CGardener post# 38680

Saturday, 03/08/2014 4:32:46 PM

Saturday, March 08, 2014 4:32:46 PM

Post# of 38908
With that risky 211, comes an increase in the firms insurance and a $50,000 fine for every violation. Kinda makes for a tough day for a trader who has to swallow that pill. If you have an MM, who is willing at an SJO of a firm, the SJO owner gets the fine, not the primary, secondly, they will pass it off on to the trader. What a way to put a small SJO out of business really fast. Who wants to work for free to work off that $50,000 fine? Not worth it, many easier low hanging fruit to earn a decent living as a trader, especially when NITE is paying for the order flow. The only way to make money is to have a convertible debenture converting through your firm, and you do a lot of dumping. But then you risk unregistered securities and a suspension.

Why?