If algorithm wasn't required, then one might create two corporations that own each other with one taking action in market. That way what has ownership is someth

If algorithm wasn't required, then one might create two corporations that own each other with one taking action in market. That way what has ownership is something that is already allowed to own something under existing law. One outsources its management or other operational capability to the other so only one is actually doing stuff. The other is just there. What do you who are more knowledgeable about this kind of law or prior decisions think of that? Is it just as unlikely to work or a bit more likely?