Paper Trading Laws for Individuals

[MadDog]

If one were to trade his or her own funds, and wanted to purchase a CD at Bank A, with a maturity date of one-year:
Can this person take the CD (being the owner) and sell it at a discount of the face value, to Bank B, to make a profit?
Would this violate any securities laws in the US or Canada?

 

[lawrat]

I am a law school graduate. What I offer is mere information, not to be construed as forming

Quite possibly yes. Kind of like watered stock

Try http://www.sec.gov

 

[MadDog]

lawrat

Thank you for your response.