Yes, that's how it works, except you would rarely sue yourself. I work for a hed... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		Spinnaker_ on Jan 6, 2021 \| parent \| context \| favorite \| on: Is Everything Securities Fraud? Yes, that's how it works, except you would rarely sue yourself. I work for a hedge fund. Every year we send a list of all our transactions to a company. They recover money on our behalf from any legal action that may happen. These things take a long time though. We are still getting payouts from stuff that happened in 2014.

gruez on Jan 6, 2021 [–]

>I work for a hedge fund. Every year we send a list of all our transactions to a company. They recover money on our behalf from any legal action that may happen.

Is there an equivelent for a passive investor that just holds ETFs? Or does the fund already do it for me?

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact