Disclosure: Difference between revisions
Amwelladmin (talk | contribs) (Created page with "{{a|devil|}}Favourite risk disclosure, from the coinbase IPO: {{Quote|“we have become increasingly obligated to comply with the laws, rules, regulations, policies, and lega...") Tags: Mobile edit Mobile web edit |
Amwelladmin (talk | contribs) No edit summary Tags: Mobile edit Mobile web edit |
||
| Line 1: | Line 1: | ||
{{a|devil|}}Favourite risk disclosure, from the coinbase IPO: | {{a|devil|}}Favourite prospectus risk disclosure, from the coinbase IPO: | ||
{{Quote|“we have become increasingly obligated to comply with the laws, rules, regulations, policies, and legal interpretations both of the jurisdictions in which we operate and those into which we offer services on a cross-border basis.”}} | {{Quote|“we have become increasingly obligated to comply with the laws, rules, regulations, policies, and legal interpretations both of the jurisdictions in which we operate and those into which we offer services on a cross-border basis.”}} | ||
| Line 5: | Line 5: | ||
It’s hard, in other words, to make money when you have to do things by the book. | It’s hard, in other words, to make money when you have to do things by the book. | ||
Hat tip to Marc Rubinstein’s [https://netinterest.substack.com/p/citi-never-sleeps ''Net Interest''] blog for fishing this one out of the morass — no-one else seems to have spotted it — but the JC got on the Google and discovered that comma in time honoured tradition, this is simply cribbed from an existing disclosure from 2019 by PayPal. | |||
Revision as of 09:30, 28 February 2021
|
|
Favourite prospectus risk disclosure, from the coinbase IPO:
“we have become increasingly obligated to comply with the laws, rules, regulations, policies, and legal interpretations both of the jurisdictions in which we operate and those into which we offer services on a cross-border basis.”
It’s hard, in other words, to make money when you have to do things by the book.
Hat tip to Marc Rubinstein’s Net Interest blog for fishing this one out of the morass — no-one else seems to have spotted it — but the JC got on the Google and discovered that comma in time honoured tradition, this is simply cribbed from an existing disclosure from 2019 by PayPal.