Why would these asset managers take a reputational risk of running some paper bitcoin racket?
The risks you and I underwrite for our own self custody arrangement is not the same as the fiduciary responsibility of a CFP or a CPA. If you’re in breach of fiduciary duty you lose your license, your career, and you’d go to jail. This all changed after 2008 with Dodd frank.
Carlton
npub17m…3pr9f
2024-10-19 12:16:08
in reply to nevent1q…6glm
Author Public Key
npub17mmp4es3m3p3ypa0u6mf68yj9284nky092l5as8s0pfd6gu3mqqqx3pr9fPublished at
2024-10-19 12:16:08Event JSON
{
"id": "a65ef6391019a134d9c1eac0cef3240aa5deb973edf663ffd5d762e82259aec7",
"pubkey": "f6f61ae611dc431207afe6b69d1c922a8f59d88f2abf4ec0f07852dd2391d800",
"created_at": 1729340168,
"kind": 1,
"tags": [
[
"e",
"292bde67cd03b8e5c24a29adf6faa1e44f2fc08eec58a46797d36d83643403c3",
"wss://relay.primal.net",
"root"
],
[
"p",
"c49d52a573366792b9a6e4851587c28042fb24fa5625c6d67b8c95c8751aca15"
]
],
"content": "Why would these asset managers take a reputational risk of running some paper bitcoin racket?\n\nThe risks you and I underwrite for our own self custody arrangement is not the same as the fiduciary responsibility of a CFP or a CPA. If you’re in breach of fiduciary duty you lose your license, your career, and you’d go to jail. This all changed after 2008 with Dodd frank.",
"sig": "81315c7dd77e5101c462c6c5968b20514f07daaff54727e138f2955f247c1e7a123d72bac5645ee31fa595f3cf0309ed054e95af8569fb52c839c8d355b42008"
}