> It wasn't buying an equity, it was buying a token that was the same price as the equity. Buying the token had no effect on the upward price of the equity
Sounds like a derivative to me. That is also a type of security.
Sounds like a derivative to me. That is also a type of security.
To be clear, I wasn't trying to debate the nature of if it is a security or not.
So if you make a financial product that encompasses two different derivatives it would be a synthetic derivative.
It’s mostly a meaningless term as far as regulation goes.