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But it is so trivial to create more addresses than one reports to his/her employee. It is also difficult to verify that one has reported all his/her owned addre
by netheril96 4y ago
But it is so trivial to create more addresses than one reports to his/her employee. It is also difficult to verify that one has reported all his/her owned addresses.
- chollida1 4y agoSure, and you can always open more brokerage accounts as well. but the point is two fold. One: you've done your diligence so as a company you've covered your ass with the regulators. Two: you've made it clear to the employee what the rules are, if they chose to open a new brokerage account or wallet address then they clearly know they are breaking the rules so there is no confusion. as one compliance officer said to me, the regulators aren't looking for perfection, they are looking to see that you are following both the rule you laid out in your internal policies and that you are doing what the rest of the industry does.