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RIAs would be nuts to use this as it has gone through virtually zero legal/regulatory review. I dislike legal as much as the next guy but when it comes to manag
by pbreit 11y ago
RIAs would be nuts to use this as it has gone through virtually zero legal/regulatory review. I dislike legal as much as the next guy but when it comes to managing other people's money, the legal/regulatory environment is exceedingly strict. You can't just pick up some random software off GitHub and start using it.
- vladko 11y agodefinitely not. but whenever you implement any financial software, you go through the same audits. whether you paid $1M for it or got it for free. you do realize that most banks run on open source platforms (linux). and there are countless magento installations out there? to debate whether an open source alternative is viable to a closed-sourced model we'd have to travel back 20 years, when this debate was relevant. and bashing free stuff, is like bashing free samples at the super market... feel free to move along. cheers.
- pbreit 11y agoQuite a bit different. There are very strict rules (in the US) about how RIAs, brokers, banks, etc can communicate with clients and prospective clients.