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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Government Demanding Source Code by CFTC Rule

    Lobo
    Lobo
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    Posts : 28411
    Join date : 2013-01-12

    Government Demanding Source Code by CFTC Rule Empty Government Demanding Source Code by CFTC Rule

    Post by Lobo Wed 02 Dec 2015, 1:21 pm

    Government Demanding Source Code by CFTC Rule

    Posted on December 2, 2015 by Martin Armstrong

    Government Demanding Source Code by CFTC Rule 380x193xcftc.jpg.pagespeed.ic.F5cD1De0EC
    Here comes the incompetent government once again. The CFTC has introduced a new rule that automated trading systems must turnover their source code to the government meaning both the Department of Justice for criminal prosecutions and the CFTC. They will have no right to resistance and the rule seeks to exempt any right to appear before a judge to issue a subpoena. So ANYONE simply writing code would have to hand it over and deposit it with the CFTC and the DOJ just in case they want to investigate in the future.
    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.
     
    This entry was posted in Uncategorized by Martin Armstrong. Bookmark the permalink.

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