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C IL | When I sat up my hedge account and answered that question, I thought maybe it was a Dodd-Frank thing - basically protect the broker from you coming back on them for making speculative trades when you had no knowledge of markets and inadequate financing, and a requirement that the broker do due diligence on their end about it.
Kind of like people who had no business getting a mortgage and no understanding of what they were getting into, yet the banks were handing them out right and left and eventually got a stern talking-to when they almost crashed our economy. So now your lender has you sign copious releases and hands you 15 papers where you promise you know what you are doing, and that you really mean it, yessir I do, thank you very much. | |
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Started my brokerage account. naive Qs
