Re:Renaissance executives agree to pay around $7B to settle ...
by loeg on Friday September 03, 2021 @10:25AM
(#28404627)
This situation isn’t as complicated as you make out. They tried to pay the (lower) long-term capital gain rate for trades with short-term gains. Individuals face the exact same holding requirement and can readily understand that the lower long-term rate is intended to incentivize buy-and-hold investing rather than intraday trading.
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