4 ms·
these are the key points that get overlooked. i keep seeing that folks expect these brokerages to work like banks work.
by wkdneidbwf 4y ago
these are the key points that get overlooked. i keep seeing that folks expect these brokerages to work like banks work.
- jacquesm 4y agoThe problem is that these brokerages do work like banks work but pretend that they are holding all of the reserves on the books. They are leveraging and borrowing from the customer funds with abandon, just like a bank but without the associated regulatory oversight and rulebooks.