Scottrade says: I'm a 17b Daytrader
- Thread starter bat1
- Start date
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
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
not sure what you have been doing but you may want to contact a defense attorney
Phucking pWn3d!!!11
lol what a clown
