The Final Frontier - Online Remote Trading Message Board

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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: Morpher who wrote (8326)	7/11/2000 10:20:59 PM
From: TFF	Read Replies (3) of 12617

"Once a firm delivers the risk-disclosure statement, the firm has two options. It can approve the customer's account for day trading if it has ``reasonable grounds for believing'' that day trading is appropriate. Or, it can approve opening an account but get a written agreement from the customer that the customer does not intend to use the account for day trading" Sounds like the Day Trading firms have to determine suitability of the client. Should be interesting how they define suitability. I guess the proposed minimum equity rule got left in the trash bin.

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