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|User Info||Sale of securities to relatives; entered at 2012-06-27 23:30:48|
Registered: 2011-04-02 Federal Prison
Thanks Patmcgroin. |
An acid-test is 'did you expose the order to market-risk?' Another is 'did you enter the order with an agreement (either express or implied) to receive an execution from a specified counter-party'... (Yes & No, respectively)
Suppose it's perfectly OK with me if someone else other than my relative buys my security, and I tell my relative to wait at least a few minutes before he buys at the price that I offer. Would that be sufficient exposure to market risk to immunize myself against any accusations of illegal activity?