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The Texas ruling doesn’t (as far as the coverage I’ve read) require that level of separation. Rather just selling to “the market” is enough to insulate you from
by kasey_junk 3y ago
The Texas ruling doesn’t (as far as the coverage I’ve read) require that level of separation. Rather just selling to “the market” is enough to insulate you from fraud charges.
- malfist 3y agoDo people actually direct sell stock? At least retail investors
- kasey_junk 3y agoNo. Even those that hold directly via a transfer agent don’t directly sell. If that court case holds there is no such thing as securities fraud.
- pcthrowaway 3y agoMaybe I'm wrong but I think people can use OTC trades for this (though OTC trading desks typically wouldn't share counterparty information IIUC)