> When that happens, retail investors in Utah or Uganda will be able to short TSLA on a web app; no regulators involved Can Americans legally trade securities

> When that happens, retail investors in Utah or Uganda will be able to short TSLA on a web app; no regulators involved Can Americans legally trade securities and other financial instruments on an unregulated exchange? I think no - my neighbor Bob can't just open up a stock brokerage, and I dont see how this is any different. Engaging in illegal financial transactions also makes it harder to seek recourse when you're defrauded.