A crime with a fine only exists for poor people. It is merely a fee to rich people. A couple million dollar fee does not put a stop to the corruption the hedge funds and other large institutions are partaking in. It is simply allowing them to do illegal activities for a cost. Allowing them to benefit from them. An example would be allowing drug dealers to keep their products, their freedom for a fee far lesser than the profit of the crime. A share must be tracked. As much as the IRS will jail anyone with misinformation on their taxes, the SEC must jail misinformation from institutions.
Son Vo Comment On Regulatory Notice 21-19
A crime with a fine only exists for poor people. It is merely a fee to rich people. A couple million dollar fee does not put a stop to the corruption the hedge funds and other large institutions are partaking in. It is simply allowing them to do illegal activities for a cost. Allowing them to benefit from them. An example would be allowing drug dealers to keep their products, their freedom for a fee far lesser than the profit of the crime. A share must be tracked. As much as the IRS will jail anyone with misinformation on their taxes, the SEC must jail misinformation from institutions.