SURETRADER WINEBOTTLER REGISTRATION

When I switched to SureTrader, the change was quite a shocker.

Remember I informed you I started with Scottrade. It allows the users to learn an advanced and sophisticated system. SureTrader is also a tool that you can get familiar with quite easily. However, keep in mind that the SEC rules are enforced to protect brokers, especially the less-experienced ones. So, in case you own a small brokerage account and would like to trade as frequently as you want, you would benefit from a broker such as SureTrader because it does not limit how often you may trade. As the broker is based in the Bahamas, the US SEC rules are not applicable to it. However, with SureTrader, you can get around this rule and the logic is simple. According to this rule, if you are a trader with less than $25,000 in your US-based brokerage, the US SEC restricts the number of trades to a maximum of four in a five day period. The broker helps you with a major issue which, as you may know, is the restrictive Pattern Day Trader rule.ДЇor those who do not know, I will elaborate. SureTraderВ is an excellent option for young day traders with modest capital to start with. Why should you consider SureTrader? Source: SureTrader Homepage Bypass US Pattern Day Trader rule If youвЂ™re looking for a better or new stockbroker, you will find our SureTrader review very helpful as it includes some valuable insights. It draws traders who benefit from the ability to bypass the day trader rules enforced by the US SEC. SureTrader is a stock broker and dealer based in the BahamasВ and is regulated by the Securities and Exchange Commission in the Bahamas. If youвЂ™re seriously considering to use them, you better read through the whole review рџ™‚ What is SureTrader? They used to be a shitty broker, when they just started out, but have seriously upped their game to attract not just beginner traders, but pros as well. Suretrader is basically the only broker (if youвЂ™re from the US, it is the only broker) that allows you to do more than 3 trades per week with an account below $25,000.

The SEC appreciates the assistance of the Securities Commission of the Bahamas and the Financial Industry Regulatory Authority.If youвЂ™re hunting for a broker to match your itchy trading fingers, youвЂ™re looking at the right review. The litigation is being led by Amie Riggle Berlin and Alice Sum and supervised by Andrew Schiff. The SEC's investigation was conducted by Jessica Weissman and Tonya Tullis of the Miami Regional Office and supervised by Glenn S. The SEC seeks injunctive relief, disgorgement of ill-gotten gains with pre-judgment interest, and civil penalties.

SURETRADER WINEBOTTLER REGISTRATION

The SEC's complaint, filed in the Southern District of Florida, charges SureTrader with violating the broker-dealer registration provisions of Section 15(a)(1) of the Securities Exchange Act of 1934, and charges Gentile with control person liability under Section 20(a) of the Exchange Act and with violating Section 15(a)(1) of the Exchange Act through or by means of SureTrader in violation of Section 20(b) of the Exchange Act. According to the complaint, as a result of their efforts, SureTrader and Gentile received millions of dollars in transaction-based compensation. customers, including by holding funds and executing transactions on their behalf. The SEC further alleges that, although it was not registered with the SEC as a broker-dealer during this period, SureTrader nevertheless engaged in ongoing securities relationships with U.S. The SEC alleges that SureTrader, through its website, by email, and by means of advertisements on popular U.S.-based day trading websites, solicited thousands of U.S.-based customers to open accounts with and trade through SureTrader.

rules that regulate 'pattern day trading.' A pattern day trader is any margin customer that day trades four or more times in five business days, provided the number of day trades are more than six percent of the customer's total trading activity for that same period. The SEC also charged Puerto Rico-based Guy Gentile, SureTrader's founder, owner, and CEO, as SureTrader's control person with respect to SureTrader's unlawful activities.ДЄccording to the SEC's complaint, beginning in March 2016 and continuing through November 2019, SureTrader, under Gentile's leadership, operated an offshore broker-dealer that marketed its ability to help novice day traders in the United States circumvent U.S. and d/b/a as SureTrader, a Bahamas-based broker-dealer, with unlawfully operating as a broker-dealer in the United States without being registered. TheВ Securities and Exchange Commission today charged MintBroker International Ltd., f/k/a Swiss America Securities, Ltd.

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