Posted on December 2, 2015 by Martin Armstrong
The problem with this is huge. They have no expertise on how to even figure out the code and sure they could hire some kids with programming skills, but without trading skills, they really would never figure it out.
The only possible solution will be to exit the US markets. If you do not, whatever code you “deposit” with the government will waive all intellectual property rights for the government can take everyone’s code. Government employees can be bribed and just as Snowden exposed, NSA staff were passing around nude photos of girls they sent to their boyfriends. SEC regulators were caught watching porn at work. There will be a complete loss of all intellectual property rights on a wholesale basis.
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