NexusFi: Find Your Edge


Home Menu

 





TDAmeritrade / Penson Financial / Customer Funds


Discussion in Brokers

Updated
    1. trending_up 3,191 views
    2. thumb_up 1 thanks given
    3. group 1 followers
    1. forum 2 posts
    2. attach_file 0 attachments




 
Search this Thread
  #1 (permalink)
 
DynoCat's Avatar
 DynoCat 
Nashville, TN/USA
 
Experience: Intermediate
Platform: IRT
Trading: NQ / ES / 6E
Posts: 3 since Dec 2011
Thanks Given: 6
Thanks Received: 2

Why is TDAmeritrade moving customer funds that were previously being held at Penson Financial, effective Fri 2/10/2012? link here: https://www.elitetrader.com/vb/showthread.php?threadid=235833
.

Is Penson Financial safe...?


Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
My Rant with AMP Futures
Trading Reviews and Vendors
Trump Media to sell instant access to market-moving soci …
Traders Hideout
Datafeed for Atas
Platforms and Indicators
No book, only a stair: journaling fills where price move …
Cryptocurrency
EA
Platforms and Indicators
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Mes vs MNQ
6 thanks
NexusFi site changelog and issues/problem reporting
5 thanks
BERN ALGOS algo trading journal
3 thanks
Johnnys Journal
2 thanks
TopStep Trader disappointment
2 thanks
  #3 (permalink)
ddouglas
New York, NY
 
Posts: 47 since Oct 2011
Thanks Given: 49
Thanks Received: 70


Whether Penson is safe or not is not for me to say, but that's not why TDA is moving customer accounts.

TDA has been intending to become an active FCM for a long time now, and this part of the process is finally becoming complete. They've been registered as an FCM with the CFTC for months, but just not been active while they made all the preparations to go live with customer accounts.

I think some of Penson's financial woes last year may have contributed to TDA speeding-up the timeline - but that's pure conjecture on my part.


Reply With Quote
Thanked by:




Last Updated on February 12, 2012


© 2026 NexusFi®, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Downloads - Top
no new posts