The guy who made $11 million on $GME

CET said:
Chartered Financial Analyst
https://cfainstitute.org/

A Chartered Financial Analyst (CFA®) charter is a designation given to those who have completed the CFA® Program and completed acceptable work experience requirements.

The CFA Program is a three-part exam that tests the fundamentals of investment tools, valuing assets, portfolio management, and wealth planning. The CFA Program is typically completed by those with backgrounds in finance, accounting, economics, or business. CFA charterholders earn the right to use the CFA designation after program completion, application, and acceptance by CFA Institute. CFA charterholders are qualified to work in senior and executive positions in investment management, risk management, asset management, and more.
https://www.cfainstitute.org/programs/cfa
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I got my designation in 2009. I was calling out @Butterfly ’s bullshit.
 
newwurldmn said:
Were you saying that those who hold a CFA have to disclose their holdings but those who don’t hold such a designation, do not.
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if you don't disclose while addressing a large audience (say SA), then you might be considered by regulators as an "unregistered" advisor.

if you talk to an audience and "sell" stock ideas, then you are an investment advisor. And you must register in your state. Period. That's the law.
 
newwurldmn said:
Were you saying that those who hold a CFA have to disclose their holdings but those who don’t hold such a designation, do not.
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since you are a CFA chartholder, I hope you disclose your holdings or conflict of interests when you mention stocks or your game on ET :)
 
The idea of buying GME to "short squeeze" the hedge fund is a brilliant idea. If you hear this idea on the trading disk, everybody will be like "wow". However, as it appears on Reddit, somehow everyone think this is a bump and dump scheme which needs regulation.
 
the idea is quite funny, and yes it's brilliant. But it's sill illegal, and abusing the system.

It's like watching the underdog robbing the bank, yes it has poetic justice, yet, it's still a crime :)
 
Butterfly said:
it's a professional designation for investment professionals, with a heavy tilt to compliance and ethics, and a code of conduct perception
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Correction, CFA is not heavyweight on compliance & ethics, it's more heavyweight towards financial & investment analysis, pricing & valuing derivatives, portfolio construction, asset allocation, etc... Compliance & ethics don't represent much in CFA curriculum.
 
Butterfly said:
if you don't disclose while addressing a large audience (say SA), then you might be considered by regulators as an "unregistered" advisor.

if you talk to an audience and "sell" stock ideas, then you are an investment advisor. And you must register in your state. Period. That's the law.
More...

If you check Tradingview.com (And YouTube and other platforms online), you will find thousands of people posting trade ideas & charts with price targets & stop losses. These are not registered as investment advisors and as long as they write a small nice disclaimer mentioning that they are not investment advisors & that their analysis is not an investment advice, they are safe. They are just posting their own opinion with the appropriate disclaimer.
 
Butterfly said:
since you are a CFA chartholder, I hope you disclose your holdings or conflict of interests when you mention stocks or your game on ET :)
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I mostly spent my focus making sure I write Newwurldmn, CFA instead of Newurldmn, C.F.A

Btw - All your posts about how the options markets work are wrong.
 
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