Brokerage-Chat Site Securities Fraud: A Lawsuit Message Board

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Pastimes : Brokerage-Chat Site Securities Fraud: A Lawsuit

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To: CountofMoneyCristo who wrote (1358)	7/3/2003 4:07:08 PM
From: Jon Tara	Read Replies (1) of 3143

Count, I think you misunderstand proprietary trading: "they were not trading their own money, they were trading the firm's money." While that may be true in some cases, I do not think it is true in the majority of cases. In order to trade with a proprietary trading firm, you make a capital contribution to the LLC, becoming a member. While, technically, you are trading the "firm's" money, you are, in fact, only allowed to trade a proportion of the firm's money, based on your capital contribution. You are able to take advantage of greater margin.

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