Discretionary Trading

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Aug 7, 2008 4:27 pm

Does anyone have a BD or know of a BD that allows discretionary, commissioned based trading?

Aug 7, 2008 6:17 pm
snaggletooth:

Does anyone have a BD or know of a BD that allows discretionary, commissioned based trading?



Snags, what's wrong wif you?

Aug 7, 2008 6:37 pm
VA Salesman:
snaggletooth:

Does anyone have a BD or know of a BD that allows discretionary, commissioned based trading?



Snags, what's wrong wif you?

 
It's not for me, it's for someone else. 
Aug 7, 2008 8:34 pm
snaggletooth:

Does anyone have a BD or know of a BD that allows discretionary, commissioned based trading?


I am not aware of any.  Discretion with fees, yes, but not with commissions.  That's a scary compliance combination: discretion so you can trade without prior approval, combined with compensation that increases the more you trade.  Red flags waving vigorously in compliance land.