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Proving trade legitimacy through a blotter or other way
Plus I believe people have the option to delete certain trades before importing them and it doesn't look like that's been addressed in 2.0.
Covestor might be another possibility.
Of course the best way for both parties is simply to provide the info in real-time (if applicable) which is what I did in a past life. People evaluating the service get to see things unfold in real-time with confirmation, and the trader(s) don't have to waste valuable time sending emails, posting to websites, managing a profit.ly type of account, etc., etc.
As stated earlier, this option really doesn't work for many traders, as trades are heavily momentum based and there are only 1-5 seconds before momentum is detected and the order must be placed...
I guess I'm missing why a .pdf from a broker showing an account summary or trade list wouldn't suffice.
I'm sure there are guys out there that can break/modify .pdf's but I've never heard of such.
Like I also said, if a tradelist isn't good enough, because there's concepts your trying to verify in terms of seconds vs trade entries, etc,
Why wouldn't a virtual desktopviewer work?
In the end, if someone doesn't trust or believe you, then they'll be able to find potential fraud in any sort of evidence or documentation. I guess the only REAL way to prove success is to flaunt cold hard cash in front of their face, but again, they could simply assume you acquired it via some other method.
I know a successful hedge fund manager and he basically has a "take it or leave it" attitude with respect to his agreement. He has built up a successful client base and his agreement is very harsh...it basically says you give me your money, you don't call or ask questions and your money is tied up for not less than 1 year and there's no guarantees of anything other than a quarterly report. If you call me more than once a quarter, I'll send your money back, regardless of positive/negative spot equity.
When you're successful at what you do, the best proof is word of mouth and reference by someone else. I can't believe how harsh his agreement is and he still gets clients, because he's pretty good and gets good returns.
The best way to prove performance is to trade inside a corporate structure and have your track record audited by a reputable firm.
Most are not going to commit tax and securities fraud but you are correct there is nothing stopping people from acting like Enron or Madoff besides that the end game is pretty nasty.