Amidst regulatory ambiguity, The5ers, a proprietary
trading firm, has decided to temporarily cease onboarding new US
traders. The company’s action arrives in response to the evolving regulatory
landscape surrounding the participation of US individuals in proprietary
trading activities.
Citing the need for clarity on the legal
implications concerning US individuals trading for proprietary funds, the firm
emphasized ensuring compliance with regulatory requirements. However, The5ers reassured its US clientele that
efforts are underway to update guidelines tailored to meet the needs of US
traders.
In a post on X, the company mentioned: “Due to
recent events, we have made the difficult decision to suspend onboarding new US
traders. This measure will remain in effect until we have a clearer
understanding of the legal implications surrounding US individuals trading for
prop funds.”
Source: X
The firm has urged patience as it works to adapt to
regulatory changes and provide clarity for its US clientele. The5ers’ decision
reflects ongoing efforts by proprietary firms to address the regulatory
uncertainties in the sector.
Addressing possible misunderstandings among its
users, The5ers clarified a concern by one of its users about a communication
shared earlier. It acknowledged the challenges in its decision due to the
turbulent times in the sectors. The5ers highlighted the dynamic nature of its
legal guidance.
Source: X
Amidst regulatory ambiguity, The5ers, a proprietary
trading firm, has decided to temporarily cease onboarding new US
traders. The company’s action arrives in response to the evolving regulatory
landscape surrounding the participation of US individuals in proprietary
trading activities.
Citing the need for clarity on the legal
implications concerning US individuals trading for proprietary funds, the firm
emphasized ensuring compliance with regulatory requirements. However, The5ers reassured its US clientele that
efforts are underway to update guidelines tailored to meet the needs of US
traders.
In a post on X, the company mentioned: “Due to
recent events, we have made the difficult decision to suspend onboarding new US
traders. This measure will remain in effect until we have a clearer
understanding of the legal implications surrounding US individuals trading for
prop funds.”
Source: X
The firm has urged patience as it works to adapt to
regulatory changes and provide clarity for its US clientele. The5ers’ decision
reflects ongoing efforts by proprietary firms to address the regulatory
uncertainties in the sector.
Addressing possible misunderstandings among its
users, The5ers clarified a concern by one of its users about a communication
shared earlier. It acknowledged the challenges in its decision due to the
turbulent times in the sectors. The5ers highlighted the dynamic nature of its
legal guidance.
Source: X
