Investment Chat Board Lawsuits Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: EL KABONG!!! who wrote (3859)	10/17/2002 3:24:15 AM
From: Bill Ulrich	Read Replies (1) of 12465

Speaking of breaks, this bit of "I ain't got no money to pay the fine, despite the two-million dollar house I bought with the money I ripped off" just doesn't cut it. How many SEC releases does one find where the culprit demonstrates "financial inability to pay any disgorgement"? Heck, in most states, DUI is a crime with a financial penalty. Not everybody can pay it. But the State is happy to make scheduled payment arrangements for the fine. The SEC just lets them off with saying, "I'm broke". You drive home drunk, you pay the penalty, no matter what your financial ability — $100/month. You drive home sober to your ill-gotten mansion, you don't pay any penalty because you put it in your wife's name. The SEC is doing "what", exactly? They need to be disbanded. The market wouldn't be any different — Useltons are still there with or without SEC assistance, and our tax expenditure would go to something hopefully more productive. Like maybe a real securities agency.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next