SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: Road Walker who wrote (111618)3/24/2012 6:20:00 PM
From: Bread Upon The Water  Respond to of 149317
 
Yes, I blew this one. In the commodities brokerage business it is OK to MIX customer and firm monies, but not to settle firm obligations with customer money. My bad.

It is not OK to mix customer money and firm money in stock brokerage accounts.

The SEC is looking at changing the rule for customer/firm monies mixing in the commodities brokerage business.