Discretionary Trading

Aug 7, 2008 8:27 pm

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

Aug 7, 2008 10:17 pm

[quote=snaggletooth]Does anyone have a BD or know of a BD that allows discretionary, commissioned based trading?[/quote]

Snags, what’s wrong wif you?

Aug 7, 2008 10:37 pm
VA Salesman:

[quote=snaggletooth]Does anyone have a BD or know of a BD that allows discretionary, commissioned based trading?[/quote]

Snags, what’s wrong wif you?

  It's not for me, it's for someone else. 
Aug 8, 2008 12:34 am

[quote=snaggletooth]Does anyone have a BD or know of a BD that allows discretionary, commissioned based trading?[/quote]
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.