Re:SEC charges Kraken for operating as an unregistered secur...
by koolba on Monday November 20, 2023 @08:09PM
(#38357405)
You could let the balance fall below $30 in your example because it’s a loan (“borrow”), not a deposit.
If you’re claiming to hold the funds on their behalf and do otherwise (like “investing” them in your less than arm’s length hedge fund), then you’re breaking your fiduciary obligations.
If you’re claiming to hold the funds on their behalf and do otherwise (like “investing” them in your less than arm’s length hedge fund), then you’re breaking your fiduciary obligations.