First, thanks for the thoughtfully written (though a bit hard to digest) reply, I wish I had seen it sooner! Your exacting precision and care with words lies i

First, thanks for the thoughtfully written (though a bit hard to digest) reply, I wish I had seen it sooner! Your exacting precision and care with words lies in stark contrast to my comment's lack thereof, is the mark of someone who knows what they're talking about, and is probably a lawyer with domain specific knowledge. :) Though I doubt anyone will see this, to be clear, the vast majority of my "communicative intent" was to express: * My explanation for WHY and HOW it came to be that the derivatives unit, FTX US Derivatives (aka LedgerX), has the proper licenses and is probably run with a different management philosophy than the parent. (that explanation being: "because they were acquired, not part of the original parent group of FTX people") * My displeasure with what I think is a quite misleading and exaggerated "clickbait" title. My feeling that it would be a sad state of affairs if the bad (and possibly illegal!) behavior of the parent company were to adversely affect the rule-following child and the rule-following customers was a minor point, though one I still stand by. I am curious if you agree that it wound be unfortunate? Consumers gripe over unfortunate changes by and in management of their preferred vendors all the time, while being fully aware of the legal reality. :) I could have just as well been complaining about a great restaurant or coffee shop which was acquired. Either way, it was a minor point. I'm aware that post-acquisition, even though it's not unusual for an acquired and independent business unit to continue operating just as they always had, in the eyes of the law any distinction between acquiring and acquired company is dissolved. As you correctly state "there's no separation nor distinction between a subsidiary and its parent". I know this, but that doesn't mean it's not "unfortunate". > This is a circular conflagration as disingenuous as the offending misrepresentation... No. You are incorrect. Nothing I said is disingenuous. > I'm suspicious of what connection you may have to this company... LIKEWISE!! :) (I'm just a customer, though I'm flattered.) And yes, you are correct that "FTX US Derivatives is a digital currency futures and options exchange and clearinghouse regulated by the US Commodity Futures Trading Commission (CFTC)". Though I have yet to see any change in their operation -- CFTC has not "promptly suspended them" -- I do wonder if anything will happen.