A lot of you just got your accounts banned...

[Ella`Ella]

Originally Posted by arsenalpow [You must be logged in to view images. Log in or Register.]

But if the illegal behavior happened years later why scoop up accounts that hadn't been linked in almost 2 years? That's like having a business partner, he goes his own way and starts a new business, then at the new business he starts embezzling money or murdering hookers, choose your own crime. You don't go back and arrest the old business partner.

Ehhh, if the business partner was embezzling at the old business and you guys were partners and you held a role of CEO or CFO, you could be tried under the RICO act for his crimes despite your lack of knowledge of the crime being commited. You are still responsible for all the due diligence necessary to prevent such things from happening.

Also, corporate executives and registered investment professionals ( e.g stock brokers, bankers, financiers, hedge fund managers, etc...) are still legally on the hook for any shit that went down under their watch for 3 years after leaving the company.