OK, so what! So is there any advantage being a 17b, Daytrader? with Taxes? can I start a home business? tax writeoffs? what's the good and bad of being a 17b? thanks in advance
you may not know this but what they are referring to is fraudulent trading activities. Section 17 of the United States Code covers Fraudulent Interstate Transactions, which reads: Use of interstate commerce for purpose of offering for sale It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof. http://taft.law.uc.edu/CCL/33Act/sec17.html
he's right...you are in deep shit most likely. not sure what you have been doing but you may want to contact a defense attorney
it's a scottrade code for daytrading.......i got over 100k in my account and I'm up over 40 % for the yr... what are you guys talking about???
LOL @ the OP being so clueless. You are seriously fucked. I'm assuming you have some sort of website or own some sort of advertisement firm, and you're not disclosing payment for investor relations. My advice to u is get an attorney !