SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Investment Chat Board Lawsuits
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Arcane Lore who wrote (4905)7/14/2003 4:45:23 PM
From: Jeffrey S. Mitchell  Read Replies (2) of 12465
 
The Court judgments would not impose civil penalties or disgorgement obligations on the settling individual defendants and relief defendants based on the sworn representations each of them made to the Commission regarding his or her financial condition.

I can never understand why the SEC does this. They are essentially advising criminals that the moment they learn the SEC is checking them out to spend their ill gotten gains as fast as possible (which, in SEC time, means over a three-four year period, the time it will take to reach a judgment) or else they'd, gasp, have to disgorge it. And I thought the SEC was on a get-tough kick. There are stiffer penalties for parking tickets. What a joke.

- Jeff
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News