DD Support Board and Research Team

[236T568]

Interesting but need a clarification with this:

Defendants Violated The Federal Securities Laws By Acting As Unregistered Dealers

38. Any person engaged in the business of buying and selling securities for such person?s own account (through a broker or otherwise) as part of a regular business must register as a dealer with the SEC or, in the case of a natural person, associate with a registered dealer.

how can this be?

does that mean that the millions of retired people around the country have to register as dealers with the SEC or associate with a registered dealer if they engage in buying/selling stocks in the market as part of a regular business?

some clarification?








Read the SEC press release:


SEC Charges Unregistered Penny Stock Dealer

https://www.sec.gov/litigation/litreleases/2020/lr24886.htm



and the complaint:

https://www.sec.gov/litigation/complaints/2020/comp24886.pdf