I sincerely believe that you, the user Havoc, are a responsible, sensible person who would handle client money as if you were operating a well-regulated financi

I sincerely believe that you, the user Havoc, are a responsible, sensible person who would handle client money as if you were operating a well-regulated financial services firm, even if such regulations weren't in place. However companies are not necessarily built that way - if they don't have to do follow some rule that could be considered a bit burdensome and (arguably?) not applicable to them, they likely won't. Why follow rules that might not apply to you, given that you are using a new-and-exciting instrument that you could credibly argue fall outside any existing regulations (and if doing so could permit you to speculate and make a bit of extra money)?