I closed down my second company due to a retard in the compliance department of the company that hosted me.
I was trading for a hedge fund in a wrap account.
My average hold was 26 days.
She accused me of short term trading.
I asked her how she determined what was "short"
She said it was what the NASD termed it to be.
Well, I blew up and sent her an email showing the board of directors of the NASD were considering calling any trades under FIVE days a short term trade.
We went back and forth and I continually pointed out everything that she said that was wrong.
She even told me I had no right to charge 150 basis points on the account.
Apparently, they had never had 10 million in a wrap account before.
Well, being the douche I was back then I exposed her as and idiot to the whole company.
She got the last laugh. She was the owners daughter and they decided they didn't want my business anymore.
So I was out about $7k a month and I was only working a half hour a day for it.
Definately a moment I look back on and regret!