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[Oluti]

Hello, I want to share some guidance on what you might consider if you're facing issues with a proprietary trading firm. Every situation is different, so it’s important to think carefully about your specific circumstances and concerns. If you believe the firm has acted unfairly or engaged in misconduct—such as breaking a contract, committing fraud, or practicing unfairly—there are several steps you might take. First, review your agreement thoroughly to understand your rights and responsibilities. Next, try reaching out to the firm’s compliance or legal team to discuss your concerns, as direct communication can sometimes resolve misunderstandings. It’s also essential to keep detailed records of all interactions, transactions, and correspondence related to the issue, which can be invaluable if you pursue further action. Consulting with a lawyer who specializes in financial or employment law is highly recommended, as they can help you understand your legal rights and advise on the best course of action. If you suspect illegal activity like fraud, you may consider reporting the matter to relevant regulatory authorities such as the SEC in the United States or the FCA in the United Kingdom. Additionally, exploring mediation or dispute resolution services can be a helpful way to settle disagreements without resorting to litigation. Keep in mind that each case is unique, so seeking professional legal advice is the best way to ensure you act in your best interests and within the law.

 

[lioralace]

How to Deal with Problems at a Prop Trading Firm (From Someone Who’s Been There)

Okay, so—prop trading. It can be pretty sweet when it works out, but man, when things go sideways? Cue the headaches. If you’re butting heads with one of these firms—contract messes, weird fees, radio silence from support—it’s not the end of the world, but you gotta play it smart.

First Off: Actually Read Your Agreement

Not to sound like your mom, but did you read the contract? Seriously. Find it. Dust it off. That thing’s your playbook. Check the bits about payouts, what gets you booted, the fine print about arguments, and that whole “here’s how we split profits” drama. Sometimes you think you know your rights but, whoops, the contract says otherwise. Don’t let ‘em Jedi-mind-trick you out of what’s owed.

Just Talk to Them (Yeah, Really)

Look, sometimes they aren’t evil masterminds—just people not responding to emails. Before lawyering up, try reaching the compliance team or whoever’s supposed to be in charge. Drop the angry rant and go for, “Here’s exactly what’s bugging me, can you explain?” Keep it all above-board, no need for caps lock or memes. Speaking human gets you further than you’d think.

Write Everything Down—or You’ll Regret It

Imagine going to battle with nothing but vibes. Not good. Save those emails, jot down the sketchy calls, screenshot that glitchy dashboard. If there’s a weird fee, mark it. Got a call at midnight? Note it. The more receipts you have, the less likely they’ll wiggle out of trouble. If things get messy, you’ll need a tidy little folder stacked with proof.

Lawyer Up If You Have To

Sometimes, you gotta bring in the pros. Not your cousin’s roommate who did one business law class, a real finance lawyer who’s seen this junk before. Let them read your docs and tell you what’s actually up. It’s money, it’s complicated—save yourself the migraines and get someone who can throw legal jargon back at them.

Call in the Big Dogs (Regulators) If It’s Shady

If they’re full-on breaking the law—like fraud, straight-up lying, or doing stuff Uncle Sam would not approve of—don’t just go on Reddit and whine. Report ’em. Got the SEC in the States, the FCA in the UK, plenty of alphabet soup agencies. Their job is literally to smack down firms acting wild. Might even save some other poor trader from a pile of stress.

Consider Mediation Before Suing Their Pants Off

Look, court is a nightmare. Takes forever, costs a fortune, and let’s be real, you’d rather be trading. Sometimes your contract sneaks in clauses for mediation or arbitration (that’s just a fancy word for, “Let’s get a third party to help us hash this out before going nuclear”). Often, these routes are faster, less shouty—worth a shot if emailing isn’t getting you anywhere.

Last Bit of Wisdom

No two blowups with a prop firm are exactly alike. Follow your gut, but also, don’t wing it: read your docs, keep receipts, and don’t be afraid to get backup. Sure, dealing with this stuff is annoying. But you put your money in—make ’em treat you right. Be persistent, stay smart, and don’t let ’em push you around. You’ve got this.