3 ms·
I didn't say it is impossible. It's just relatively rare. The point of the SEC is not prevent anyone from doing something stupid and losing a lot of money. T
by georgeecollins 6y ago
I didn't say it is impossible. It's just relatively rare. The point of the SEC is not prevent anyone from doing something stupid and losing a lot of money. The point is to keep lots of people from doing something stupid. And in particular, to keep lots of people from doing the same stupid thing at the same time! (1929, 2008.. )
- nickpinkston 6y agoI'm unsure how rare it is, but even if it is rare, it may be because anyone motivated enough to know what a margin/options account is and to get one may be sophisticated enough to not lose all of their money doing it.