Bloomberg just reported, what SEC closes ALL props from the 15th! (props – proprietary trading firm, they, who provides trading capital, subaccounts) By court order Judge A.G. Wallace 15th Manhattan District also American Brokers will not be able to open accounts for offshore companies!
Now, for intraday trading, you must exclusively have 25 000 + dollars on the account…
Also, many large prop offices fined for multimillion sums for violations of the law…
The SEC is also preparing a proposal, which will prohibit ALL non-US residents from trading on American exchanges…
There's a big scandal on CNBC right now, many firms go bankrupt and lose their license. It's a pity that many firms and traders who have less than 25K on the deposit will have to keep saving. In general, a very stupid decision, and apparently because of the scandal with BROCO, they dropped it further and recognized the scheme. In short, complete rubbing, what will happen to the market today
Let's see what will happen next…
UPDATE : ALL WITH 1 APRIL =)
