Quote from Ramon1:
That's one thing that really boggles my mind. Who really did own WorldCo? And aren't those people supposed to be licensed? And, of course, how could Walter, who was so clearly in the forefront, not have to be licensed. It would seem one of the big problems in this industry is while all the potential good players are getting lost in the bureaucratic shuffle on issues that do not even have any power to protect traders -- we have some other firms who find every which way to loophole, or gray area, or just ignore without fear all these same regulations and get around them for years -- well, or at least until they declare bankruptcy.