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> I don't understand why an SEC fine would be against the people and not the entity. Are you sure that it's really not clown shoes? I mean, ordinarily I'd agre

by mpyne 11y ago

> I don't understand why an SEC fine would be against the people and not the entity. Are you sure that it's really not clown shoes? I mean, ordinarily I'd agree that surely no one would be crazy enough to run a securities exchange without incorporating, but the quote you linked from their post seems to imply otherwise.

billyhoffman 11y ago
It's possible. Years ago I knew a few security folks who were moonlighting as independent security consultants. They did an assessment of a financial institution, caused some downtime, and there was a lawsuit. Turns out they hadn't incorporated and it was pretty terrible for them. Let this be a lesson. Always Always Alway create a business entity. Separation == protection