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A comment on The SEC has told us it wants to sue us over Lend. We don’t know why. Parent comment

Re:The SEC has told us it wants to sue us over Lend. We don’... by eru on Wednesday September 08, 2021 @02:16AM (#28453681)
And FDIC might not want them.
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Re:The SEC has told us it wants to sue us over Lend. We don’... by throwaway2037 on Wednesday September 08, 2021 @03:14AM (#28454074)
I agree. It is very unlikely that FDIC would allow it. As I understand, all deposit products, including certificates of deposit, are guaranteed up to a certain amount with FDIC regulated banking institutions. The same is also true of securities brokers, but under a different regulator (SEC?) and different programme.
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Re:The SEC has told us it wants to sue us over Lend. We don’... by illgenr on Wednesday September 08, 2021 @03:05AM (#28454008)
Might is probably an understatement.
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