Comment Text:
I used to be a licensed Securities and Insurance agent. I am appalled at loopholes that are allowed these days. The blatant disregard for the buyer's protection is disgusting.
Safeguards are put in place to keep us from harming ourselves. When you take them away, it becomes a free for all. You cannot allow a child to dictate how large of a bowl of Coca Puffs he/she wants because they will choose the largest bowl possible and become sick afterwards. It is up to the Parents to set the rules, guidelines and boundaries. It is the same responsibility of Trading Commission to apply these boundaries to the banks and the traders.
Anytime someone is allowed to set their own rules, they will never be in anyone else's best interest except their own. I implore you to stop and think about what you are allowing to happen. It is not in anyone's best interest to exempt trades through Foreign affiliates. Who does this benefit? And why is it so important to them? I'm certain the answers are dark.
