News for hackers. Stuff that matters.
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.

There are no comments on this comment yet.