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The Securities Exchange Commission and the Commodity Futures Trading Commission began court action, alleging the firm traded unlawfully and lied about having Wall Street headquarters. Laurent refused to go to testify, fearing he would be arrested under the countrys Racketeer Influenced and Corrupt Organisations law.
The purpose of a trading business is to capture profits just like an ordinary business. The difference is you are not selling a product or providing a service, therefore the real benefits of creating an entity around your trading business is for tax purposes. Forming.
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