1.1) What is the purpose of this FAQ?

This FAQ is *not* intended as a comprehensive guide to trader status taxation. Rather, this FAQ is a fast and easy way to get answers to general questions, many of which are so often misrepresented over the internet

F. A. Q. – 1 SEC & Registered Rep issues
F. A. Q. – 2 Margin & Debt issues
F. A. Q. – 3 Brokerages & Daytrader issues
F. A. Q. – 4 Financial Information Reporting
F. A. Q. – 5 Trader Status & IRS Tax issues
F. A. Q. – 6 Acronyms & Phrases
F. A. Q. – 7 Banking & Gov’t Agencies
F. A. Q. – 8 Income Tax Evasion