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You still haven't identified what laws Gary broke, or provided any kind of link to any concrete charges filed by any government agency. A news article published by a Nigerian investor does not prove that Gensler broke the law, or that he has been charged. And your response to the questions is...

Yes, because the holder of that call can then redeem the shares for 54.00

Facing charges? Filed by what agency? Change.org? LMFAO How about you post a link to a document that has been filed with a government agency? Then maybe someone can say that he is "facing charges." Under investigation by whom? "A group of cryptocurrency investors" Yeah, right... And...

I don't trade futures. But I know just enough to be dangerous. Long ES and short 10 MES in the same account is permissible because legally they are two different contracts. Same goes for current month and the back month. They are two different instruments. Robert Morse said it is a violation...

The same basic rules apply to all bonds, whether corporate, treasury or something else. Obviously the big exception is muni bonds, because for most munis, the interest is free from federal taxation. But with treasuries and corporate bonds, when you by a bond at a discount, and you hold it to...

What about long and short stock at the same time in two different accounts? Is there any context in which that would be rational? Is it prohibited? Long in your IRA, short in a taxable account, maybe? Back in the 20th century when people had physical stock certificates, they would go short...

According to this article on the Motley Fool, published in February 2023, the entry point for a prime brokerage account is $500K. Some brokers have a much higher minimum. https://www.fool.com/the-ascent/buying-stocks/prime-brokerage-agreement/

As noted above, level 1 does not include spread trading. With most brokers, you won't get level 2 approval unless you also apply for a margin account. So at most brokers, you have to have a margin account to trade put spreads. You don't have to use margin to actually trade spreads. Using...

This is some f**ked up shit LOL Barclays is redeeming these notes in full at the June 7 closing value, which was $54.00. Redemption happens on June 14 but is based on the June 7 closing value, so trading has now been halted. So Schwab's platform thinks the value is zero, as if it was a...

Keith-- Do you like preferred stock right now?

If you don't understand why he's an asshole, there is nothing I can possibly write here that will change that.

Matt Levine at Bloomberg published some interesting commentary today, in which he explains why FTX, Binance and Coinbase are three different cases, with three completely different fact patterns: https://tinyurl.com/230607bbmlseccfc The link is a gift article that does not require a Bloomberg...

Somehow the files did not get uploaded to my earlier post.

@mervyn If you are trying to make a very broad, general argument that in the near future, criminal charges are likely to follow the SEC enforcement actions against Binance and Coinbase... well, that might be a reasonable opinion. But if you actually believe that the prinicpals of Binance and...

Yes, SBF is under house arrest. No, the house arrest is not associated in any way with a lawsuit filed by the SEC. SBF was charged with criminal offenses in an eight-count indictment by the US Attorney for the Southern District of New York. That case is completely separate from any action...

At the nonprofit organization that I work at, we have a lounge and reading room, and we have print subscriptions to several magazines: Time The Atlantic Kiplinger's Personal Finance The New Yorker Rolling Stone Variety Consumer Reports National Geographic

SBF would like to disagree about what? I'm sure SBF would agree that the lawsuits filed by the SEC against Binance and Coinbase are not criminal cases.

He was a privileged wealthy white boy from South Africa, who became a brilliant businessman in the tech sector, and then evolved into the biggest asshole on the internet.

I propose the creation of a new forum at the "General Topics" level: ELON MUSK

Also: I cannot find the CNN Business article online with the text that appears in the post by @ETJ. I found an article that has some of the text here: https://edition.cnn.com/2023/06/05/business/sec-sues-binance/index.html This appears to be a different version of the article. As I am writing...