Frequently Asked Questions
Your trading can begin only when cleared funds are made payable to R.J.O’Brien and provided in one of the following ways:
- Please contact RJO Client Services at 1-800-621-0757 extension 5250 for detailed wire instructions.
- A certified check or cashier’s check made payable to R.J.O’Brien. will also allow you to begin trading immediately. If you are opening a new account, personal checks, money market checks, and savings & loan checks may require clearance before you can trade. Cash currencies cannot be accepted. In addition, all funds coming into the account must match the name on the account.
- If you are TRANSFERRING your account from another firm, please fill out the form in the back of your application, return it to R.J.O’Brien with other required documents (via your Introducing Broker, if any), and we will transfer positions and funds accordingly.
When your account is open and trading, carefully read your statements as soon as you receive them. If you plan to be away, check in with your broker frequently. Do not delay reviewing your trading status…this is important! If you have any questions about an individual trade or your balance or position, phone your account representative (broker) immediately. If he or she is unavailable or a problem is not resolved at once, call the R.J.O’Brien Compliance staff in Chicago at 1-800-621-0757.
1099s are required to be mailed prior to January 31 of each year
We are required to report the 1099 to the IRS no later than February 27.
Please contact your broker or the Client Services Department at R.J. O’Brien as soon as possible. You can reach us by calling (866) 438-7564 and asking for Client Services between 7:30 a.m. and 4:30 p.m. Outside business hours, please call 877-232-9563 and leave a message.
You will need IRS form 6781. You can obtain this form from the IRS website or in many cases, from your local library. Please consult your tax advisor on the use of this form.
Line 8 is the realized profit or loss in futures and options
Line 9 is the unrealized profit or loss from the previous year (2010). This figure will be reversed on the 1099 to create Line 11 and was downloaded from your last years 1099.
Line 10 is the unrealized profit or loss from the current tax year (2011) and represents any open positions in your account on December 29, 2011. This figure will be reversed in next year’s 1099 on line 9.
Line 11 is the sum total of Lines 8, 9 and 10.
The Form 1099 is the only form you will need. Consult your tax advisor for any questions on filing with the IRS.
The IRS uses the 60/40 rule – 60% long term and 40% short term. As always, please consult your tax advisor for any questions regarding your IRS tax returns.
Contact your Broker or Sales Representative and they will be more than happy to connect you with RJO’s WebOE trading system. If you have any questions about who to contact, please email client services. We’ll be more than happy to help.