社群投資理財券商平台e-toro明年將進軍美國

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https://www.bloomberg.com/news/a ... ck-market-investing

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EToro pays Popular Investors up to 2.5% of the assets that follow them. Smith, as the No. 1 copytrader on the site, is pocketing $1 million. With his portfolio up 62% in 2020, he’s been attracting droves of recruits. “Hi Jaynemesis, newbie copier here!” one recently posted on his social media feed on eToro’s site. “I have no real idea on stocks but it seems like you do.”

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As for eToro, it has long used a derivative called a contract-for-difference to let retail traders easily apply leverage and execute short positions on securities, commodities, and cryptocurrencies. In 2019, the U.K. Financial Conduct Authority imposed new restrictions on the sale of these instruments, including guaranteeing customers’ losses don’t exceed the funds in their accounts. The U.S. prohibits contracts-for-difference.

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In any event, he may have a tough time bringing its CopyTrading product into the U.S., at least in its current form. While there’s no law barring the practice, securities lawyers say firms may face liability if traders on their books aren’t registered investment advisers. Sharing opinions about stocks on eToro’s social media feed and influencing how customers invest could constitute recommendations as defined by the Financial Industry Regulatory Authority, said Adam Gana, a securities attorney with Gana Weinstein in Chicago.