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...)
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!
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.