4 ms·
No. That is incorrect. A brokerage / exchange may not use customer assets for their own benefit. They are not a bank -- they are custodians. If they are doing t
by daveguy 3y ago
No. That is incorrect. A brokerage / exchange may not use customer assets for their own benefit. They are not a bank -- they are custodians. If they are doing that, they are committing a crime.
https://www.law.cornell.edu/cfr/text/17/240.15c3-3 https://www.law.cornell.edu/cfr/text/17/240.15c3-3