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If you're in Canada, it's worth noting that when you do trade with other people's money you really need to be certified with the relevant authorities in addition to having the skills.

I interned with a hedge fund for a year early on in my career building algo trading models (circa 2002). Since then the fund has gone under and I was contacted by an investigator from the OSC (more or less our SEC) about the exact nature of my work. Thankfully no charges came of it but I learned that I did expose myself to personal liability due to the fact that I had never gained regulatory certification.

In short, don't overlook the laws in this space. They can really bite!




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