Comment Re:Where's my cut!? (Score 2) 46
Yes but also no.
The regulation isn't about "taking a cut", but primarily about financial crimes like money laundering and insider trading. Generally there are age requirements, as minors can't buy stocks or enter into futures contracts, though custodial accounts where the minor is authorized to use it are allowed. Every transaction is also associated with registered brokerage companies, every transaction tied to a taxpayer ID and account information. To participate the government requires documentation with a full legal name and government issued ID, and assorted other information to verify the person's identity.
In regulated markets every step has a paper trail can be tied back to a responsible human, the person who could potentially be jailed or fined for financial crimes.