If Chialee PMs you I think it is the S.E.C.

Discussion in 'Politics' started by nzbryant, Jun 13, 2006.

  1. TRS

    TRS

    That's my system! I'm sick of all the hedging though!
     
    #11     Jun 13, 2006
  2. zdreg

    zdreg

    incorrect. what makes you think you can not give advice without a licence?
     
    #12     Jun 13, 2006
  3. This is easily one of the most popular Bonds / Forex / Futures / Options / Stock Trader message boards on the internet. Do you guys think the SEC doesn't know that? Of course they're here. I'd be willing to bet they've been here longer than anyone who's posted on this thread so far.

    That is why I won't post live picks. Even if you don't address them as advice, it doesn't mean they're not in some kind of gray area. But hey, if you're not doing anything wrong then you shouldn't have anything to worry about...

    As for entrapment, have you never heard of what the feds can get away with when prosecuting computer crimes? Apparently not.

    My guess, the FBI and IRS are probably here too... (anyone on ET ever read a thread about Money scams or TAX avoidance? me neither...)
     
    #13     Jun 13, 2006
  4. Josh009

    Josh009

    good points, 2manywhiners.
    A good thing to keep in mind is this: if you do something illegal, the nasd can bar you from trading, even permanently. (that would be exceptionally bad for a trading career)

    Just for fun, read the regulatory enforcement section at http://www.nasd.com/RegulatoryEnforcement/index.htm and take a look at some of the bonehead things people do to make a few extra bucks, while risking their careers. bad risk mgmt, tsk tsk!
     
    #14     Jun 13, 2006
  5. http://sec.gov/rules/final.shtml

    Of course I haven't read every line of every rule, but after reading just 1/3 of the way into any one of these rule changes, I think everyone would get the idea of what I mean by gray area...


    Exactly.
     
    #15     Jun 13, 2006