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Re: None

Tuesday, 05/26/2015 4:26:47 PM

Tuesday, May 26, 2015 4:26:47 PM

Post# of 106841
LOL BS quote, "IMO they walked in with a suit case full of U.S. Currency and stated something to the extent of "I wanna buy X amount of shares at X amount price...CASH!""

Oh yeah, sure thing, LOL !! Happens all the time? If it was for more than $10K worth, it'd probably be illegal under numerous banking laws among other things, if not properly reported. A large cash transaction- would light up all kinds of red alerts at the various regulatory agencies. They have numerous checks and balances in place to regulate and track foreign "cash" transactions and other "things" that can be used for example for things like "money laundering" among any other number of potential "problem" areas when "cash" becomes involved.

Where did this myth based "cash and suitcase" thing take place? At a SEC registered, licensed, FINRA registered broker's firm? Really? Which one?

Not a chance IMO. Just nonsense conjecture to me. Why wouldn't this imaginary buyer just use a wire transfer or whatever- like every one else does? Why a "suitcase" and cash? What brand was the "suit case" I wonder?

Not likely.

Posts contain only my amateur opinions, personal views and thoughts. I discuss stocks as a hobby only. Always do one's own due diligence before investing.