this post was submitted on 15 May 2024
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Is that some sort of non-profit? (lemmy.world)
submitted 5 months ago by The_Picard_Maneuver@lemmy.world to c/whitepeopletwitter@sh.itjust.works
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[–] Karyoplasma@discuss.tchncs.de 31 points 5 months ago (1 children)

They call everyone a VP so idiot customers can brag about how some important guy gave them investment advice. It's a scam to fool the gullible.

[–] TheKMAP@lemmynsfw.com 18 points 5 months ago (1 children)

I think originally it came from banking regulations requiring high level approval before someone could do risky shit. So now everyone is a VP

[–] Karyoplasma@discuss.tchncs.de 17 points 5 months ago

So, it was a legal loophole? That's kinda even more shady lol