DD Support Board and Research Team

[janice shell]

There's something called the "trader exception". See the SEC's guide to broker-dealer registration:

https://www.sec.gov/reportspubs/investor-publications/divisionsmarketregbdguidehtm.html

So far, the SEC's brought five or six suits virtually identical to the one against Fife. The first of them, in which Ibrahim Almagarby is the defendant, is from 2017. About a month ago, the judge in the case granted a motion for summary judgment to the SEC.

That case should be wrapped up soon. It looks as if the SEC finally has an easy way to go after the toxic funders.