I buy a lower from a dealer and fill out a 4473. I sell it to Jack Handy in a private FTF deal. He sells it to Phil McCracken in the OSA classifieds. They meet in the bass pro parking lot for the deal. Then Phil sells it to The Horny Toad Rod and Gun Shop, a type 01 FFL. The Horny Toad sells it to Mary Jane as a bonafide gift to her husband for their 17th wedding anniversary filling out the required 4473.
Is the ATF able to find out that Mary Jane's husband has a stripped lower? Not likely. Was it a straw purchase?
Did Jack have any deep thoughts on this??