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We had them in the US before the SEC, which regulated them out of existence. It’s likely the term is a pejorative referring to the Liverpool setup you describe
by hedora 8mo ago
We had them in the US before the SEC, which regulated them
out of existence.
It’s likely the term is a pejorative referring to the Liverpool setup you describe.
- rlucas 8mo agoSorry, I meant Jesse Livermore's "Confessions of a Stock Market Operator," worth a read to anyone interested in the history of this stuff.