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Pastimes : Investment Chat Board Lawsuits
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To: StockDung who wrote (3854)10/16/2002 9:07:46 PM
From: Bill Ulrich  Read Replies (2) of 12465
 
It's a good thing the SEC is treating this as financial "jay-walking". As long as they reward criminals by assuring that no harm will come to them, there will always be a steady supply of criminals to justify the agency's existence. It'd be bad for business if they actually (gasp!) — punished — criminals like Uselton.

"Uselton also agreed to be barred from serving as an officer or director of any public company. In settlement of its claims against Uselton, the Commission did not seek a civil penalty based on Uselton's sworn financial statements."
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