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points by whimsicalism 5 days ago | 0 comments
Because they are subject to a regulator and hold a license from a regulator.
[–] betterunix2 5 days ago
Bernie Madoff's operation was also subject to a regulator and was properly registered as a broker-dealer; that did not somehow make it a regulated operation, at least not in the sense of actually complying with the regulations. Boiler rooms are also subject to a regulator (the SEC) and obviously are not regulated brokerages.

Really it sounds like this is a disagreement about what it means for a market to be "regulated" -- I draw the line at compliance, you seem to draw the line elsewhere.

[–] whimsicalism 5 days ago
Not to go prescriptivist, but yes I think your "line" for regulated is just semantically incorrect, a non-compliant organization can still be regulated.
[–] jakeydus 4 days ago
One could argue that unenforced regulation (and a thereby non-compliant organization) is not that different from nonexistent regulation.