Options trader PR Sundar is caught in the middle of a Twitter storm because of a distasteful post. But what started it all was the demand that Sundar get his mark-to-market (MTM) statement verified through a free service offered by an online trading platform.
The MTM statement is a touchy subject because traders use it to attract more enrollments for their classes and strategy seminars. The profit shown on the statement is top advertising content for posting on social-media channels.
The problem is that these statements are mostly screenshots that can be altered. This is why online trading platform Sensibull began offering the service to verify the MTM statements of traders.