Are the following 2 ways legal in the eyes of the SEC. 1)You have a large account at a retail brokerage, you hire traders to trade the firms capital with zero capital contribution. You charge a markup on commissions. 2)You have a large account at a retail brokerage, you hire traders to trade the firms capital with zero capital contribution. You DO NOT charge a markup on commissions, and take a percentage of profits. Thanks
if you have that big of an account, you would probably just set up directly with a clearing firm. yes it is legal.