So you're suggesting that a "trader" is always a broker dealer? Please explain and I'll see if I can find my broker-dealer license before my next trade. hmmmmm, so 17(b) applies to all traders, new law, new "shell" game?
Interesting quote here with respect to someone convicted of extorting freebie shares from CEO's and use of purloined FBI data, by the way.
"The Tony Elgindy I know helped expose a great many scams," Ms. Shell wrote. "While his activities in this line may have hurt some individual shareholders, in the long run they were of help to the financial markets and to the investing public in general."