Yep, like saying its ok to trade just dont lose money. Which follows on...the better you are at it the better your chances of success.
do a search on names mentioned in this article ! I think one of the person is now operating in USA , http://www.theaustralian.com.au/bus...m/news-story/11c23a6da8682f16de4baff82059d9e5
Extradition agreements are often are the reason for the Brits who get sent over. I think many institutions manipulate pricing as evidenced by libor rigging. Yet limited to no prosecution. Almost feels like there are two laws.
of course. there is one set of laws for the lord of the manor. there is another set of laws for the peasants/serfs.
With the USA it is worldwide police now. Just ask Kim Dotcom, resident of New Zealand... Or Navinder Sarao who never left his Hounslow borough until he made a court appearance in the US.
So what if dodgy people are bought to justice what does it matter if US is a worlwide police or not ! as a consumer I would vote for tight scrutiny of anybody offering "Financial services" just the way an Architect or a Engineer's and doctors are scrutinized and licenced and are is liable for the out put these guys should be.. look at the guy mentioned in ASIC or do a search on one guy called Peter Spann and his doings in this field
I hope you fell the same if Russia or China wanted to arrest an American citizen and they wanted to extradite him from the US. Do you think the DoJ would oblige?
Lots of outdated and stupid laws around. The online gambling US law is just one that needs changing. Seems to have been made in the 1930s when the mafia controlled US gambling. Now they wouldn't want to offend those guys would they.