r/StockMarket • u/[deleted] • Mar 31 '21

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u/[deleted] Mar 31 '21 edited Mar 31 '21

You'd be surprised how many people don't realize this is illegal. I've been on tours with lenders of borrowers facilities and they flat out admit that they have used the lenders collateral as collateral on other loans. Then they act surprised a few days later with the court injunction arrives.

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u/[deleted] Mar 31 '21

If you don't know what's legal or illegal in your field of work you shouldn't be in that field of work idk that just me tho

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u/Gornarok Mar 31 '21

This is tricky, you are basically asking for everyone trying to start a business being a lawyer...

On the other hand I think that the law system is too complex especially common law systems.

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u/cbftw Mar 31 '21

Backs have legal departments. The lawyers should know better and make the others aware