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I have to think that such unawareness is at least partially willful. They are no doubt aware that the government regulates a lot of things and that financial se
by mikeash 8y ago
I have to think that such unawareness is at least partially willful. They are no doubt aware that the government regulates a lot of things and that financial services in particular have a lot of regulation. It didn’t occur to them that they might need to find out what applies to them?
- Scoundreller 8y agoWhat other commodities do I need to get a license to buy/sell?
- mikeash 8y agoOff the top of my head: food, cars, stocks, land, gasoline, scrap metal.
- dsfyu404ed 8y agoAt a small enough scale and not in government-heavy states all of those are legal to do without any sort of license. When you start doing it regularly is when you need licenses.
- mikeash 8y agoDoes selling $2 million a year or more qualify as regularly?