One Trader Started The Day With $77,000 In His Account; By The End He Owed $9 Million

If you open a brokerage account, you sign the disclosure and the liabilities with your blood.
1 – The can go against you fast, really fast. It happens more often than people think and than math says.
2- Your broker-dealer has the legal right to recover your losses from your personal assets. It WILL. Your chances of getting out of the and the creditors are slim to none.
3 – Because of a technical glitch, clients of Interactive Brokers will recover some of their losses in the case below. This is the (rare) exception, not the rule.

The job of an is to make autopsies.
We wish to nobody to become our clients.
But many do.

You’ve been warned.

With credits to Tyler Durden at ZeroHedge.com for this article.

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Written by Gontran de Quillacq

Gontran de Quillacq is an expert witness and a legal consultant. He is a recognized authority in options, trading, derivatives, structured products, portfolio management, hedge funds, mathematical finance, quantitative investment, strategy research and financial markets in general.

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