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I actually don't think any sort of gatekeeping to do whatever the hell you want to do with your money is the broker's business. Sure, don't allow naked calls an
by spectramax 7y ago
I actually don't think any sort of gatekeeping to do whatever the hell you want to do with your money is the broker's business. Sure, don't allow naked calls and other margin shenanigans, but for the most part - these are fully functional adults - if they decide to gamble with their money, so be it. Let them do it.
- kyleblarson 7y agoI tend to agree with allowing people to do whatever they want with their own money, but I just cant picture a broker like IB for example allowing this sort of thing without much more serious vetting of the client.
- pfarnsworth 7y agoYou probably don't know much about IB then. There's no vetting at all, by IB or any other brokerage, except making sure that the money is in their account. They have margin calls for a reason.